Sepio Capital LP Purchases 42,330 Shares of Monster Beverage Corporation $MNST

by · The Cerbat Gem

Sepio Capital LP raised its position in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 69.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,887 shares of the company’s stock after acquiring an additional 42,330 shares during the quarter. Sepio Capital LP’s holdings in Monster Beverage were worth $4,282,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MNST. BlackRock Inc. bought a new position in shares of Monster Beverage in the 2nd quarter worth about $5,770,004,000. Ninety One UK Ltd lifted its stake in shares of Monster Beverage by 89.1% in the 3rd quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock valued at $545,444,000 after purchasing an additional 6,175,047 shares during the period. Bank of America Corp DE lifted its stake in shares of Monster Beverage by 0.8% in the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock valued at $908,102,000 after purchasing an additional 99,168 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Monster Beverage by 23.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock valued at $553,414,000 after purchasing an additional 1,461,167 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Monster Beverage by 27.8% during the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after purchasing an additional 1,624,416 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $47.33 on Friday. Monster Beverage Corporation has a one year low of $32.94 and a one year high of $50.17. The firm has a market capitalization of $92.72 billion, a price-to-earnings ratio of 43.82, a PEG ratio of 2.89 and a beta of 0.49. The business has a 50-day simple moving average of $44.78 and a 200 day simple moving average of $44.46.

Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. On average, sell-side analysts expect that Monster Beverage Corporation will post 1.16 EPS for the current year.

Wall Street Analysts Forecast Growth

MNST has been the topic of several recent analyst reports. Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Piper Sandler reaffirmed an “overweight” rating and set a $50.50 price objective on shares of Monster Beverage in a research report on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $47.50 price objective (up from $36.50) on shares of Monster Beverage in a research note on Monday, July 20th. Weiss Ratings downgraded shares of Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Monster Beverage from $83.00 to $99.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $74.05.

Read Our Latest Research Report on Monster Beverage

Monster Beverage Company Profile

(Free Report)

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.

Further Reading

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