19,706 Shares of Monster Beverage Corporation $MNST Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 19,706 shares of the company’s stock, valued at approximately $820,000.

Several other institutional investors also recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new position in Monster Beverage during the 2nd quarter worth approximately $27,000. Jones Financial Companies Lllp purchased a new position in Monster Beverage in the 2nd quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in Monster Beverage in the second quarter valued at approximately $30,000. NBH Bank bought a new stake in Monster Beverage in the second quarter valued at approximately $32,000. Finally, Clearstead Trust LLC bought a new stake in Monster Beverage in the second quarter valued at approximately $32,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Trading Down 0.2%

Shares of Monster Beverage stock opened at $45.64 on Tuesday. Monster Beverage Corporation has a 12-month low of $34.69 and a 12-month high of $50.17. The company has a market cap of $89.41 billion, a P/E ratio of 41.30, a PEG ratio of 3.07 and a beta of 0.51. The company’s fifty day simple moving average is $44.68 and its two-hundred day simple moving average is $43.32.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, November 5th. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS. Analysts predict that Monster Beverage Corporation will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MNST. Stifel Nicolaus set a $52.00 target price on shares of Monster Beverage in a report on Thursday, October 22nd. Evercore lowered their price target on shares of Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.50 price target (down from $97.00) on shares of Monster Beverage in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 price target (up from $98.00) on shares of Monster Beverage in a research report on Monday, August 10th. Finally, UBS Group reissued a “neutral” rating and issued a $50.00 price target (up from $49.00) on shares of Monster Beverage in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.07.

Monster Beverage Company Profile

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages.

The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012.

Based in Corona, California, Monster sells its products in the United States and internationally.