Aventura Private Wealth LLC Invests $600,000 in Monster Beverage Corporation $MNST

Aventura Private Wealth LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,826 shares of the company’s stock, valued at approximately $600,000.

Several other institutional investors have also added to or reduced their stakes in MNST. Armstrong Advisory Group Inc. grew its holdings in Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after buying an additional 146 shares in the last quarter. D.A. Davidson & CO. increased its position in Monster Beverage by 4.1% during the third quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock worth $265,000 after acquiring an additional 155 shares during the period. Premier Path Wealth Partners LLC raised its stake in Monster Beverage by 3.2% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after purchasing an additional 161 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Monster Beverage by 13.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock valued at $93,000 after purchasing an additional 176 shares during the period. Finally, Meiji Yasuda Life Insurance Co boosted its holdings in Monster Beverage by 1.9% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 10,489 shares of the company’s stock valued at $706,000 after purchasing an additional 194 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Down 0.1%

Shares of MNST stock opened at $73.67 on Friday. The firm’s 50 day moving average is $80.07 and its 200 day moving average is $73.81. The stock has a market capitalization of $71.97 billion, a P/E ratio of 37.97, a PEG ratio of 2.38 and a beta of 0.44. Monster Beverage Corporation has a 12 month low of $54.73 and a 12 month high of $87.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 target price (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Argus boosted their price target on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Citigroup lifted their price objective on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.95.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.