Diversified Trust Co. Buys 7,771 Shares of Monster Beverage Corporation $MNST

Diversified Trust Co. lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 42.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,259 shares of the company’s stock after buying an additional 7,771 shares during the period. Diversified Trust Co.’s holdings in Monster Beverage were worth $2,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MNST. Exchange Traded Concepts LLC grew its holdings in shares of Monster Beverage by 222.4% in the third quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock worth $3,385,000 after purchasing an additional 34,697 shares during the last quarter. VestGen Advisors LLC raised its holdings in Monster Beverage by 449.4% during the 2nd quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after buying an additional 17,974 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in Monster Beverage by 87.8% during the 3rd quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock valued at $2,163,000 after buying an additional 15,029 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in Monster Beverage during the 3rd quarter valued at $59,170,000. Finally, Inscription Capital LLC grew its holdings in Monster Beverage by 130.6% in the 3rd quarter. Inscription Capital LLC now owns 25,260 shares of the company’s stock worth $1,700,000 after acquiring an additional 14,305 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MNST. UBS Group boosted their price objective on shares of Monster Beverage from $84.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. BMO Capital Markets reiterated a “market perform” rating and set a $73.00 target price (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Wall Street Zen downgraded Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada upped their price target on Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, Bank of America increased their price objective on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $83.95.

Monster Beverage Trading Up 0.3%

NASDAQ:MNST opened at $73.21 on Thursday. The company has a 50-day moving average price of $79.80 and a 200-day moving average price of $74.10. The stock has a market cap of $71.53 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.36 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 announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. Monster Beverage’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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.