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Monster Beverage
MNST

$50.14
1.41%
 

About: Monster Beverage is a leader in the energy drink subsegment of the nonalcoholic beverage market, generating two thirds of revenue in the US and Canada. The well-known Monster trademark includes brands such as Monster Energy, Monster Ultra, Java Monster, and Juice Monster. The firm also owns other energy drink brands, such as Reign, NOS, Burn, and Mother, and brews and distributes beers and flavored malt beverages following the acquisition of a craft brewer in 2022. Monster controls branding and innovation but outsources beverage manufacturing and packaging to copackers and finished goods distribution to bottlers in the global Coca-Cola system (pursuant to a 20-year agreement inked in 2015). Coke is the largest shareholder of Monster with a 19.5% stake.

Employees: 6,003

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 8 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]

30% more repeat investments, than reductions

Existing positions increased: 399 | Existing positions reduced: 306

22% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 89

2% more funds holding

Funds holding: 945 [Q4 2023] → 965 (+20) [Q1 2024]

3% more capital invested

Capital invested by funds: $38.7B [Q4 2023] → $39.7B (+$998M) [Q1 2024]

0.17% less ownership

Funds ownership: 64.51% [Q4 2023] → 64.34% (-0.17%) [Q1 2024]

24% less call options, than puts

Call options by funds: $142M | Put options by funds: $186M

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$46
8%
downside
Avg. target
$60
19%
upside
High target
$68
36%
upside

17 analyst ratings

positive
53%
neutral
35%
negative
12%
Wells Fargo
Chris Carey
18%upside
$59
Overweight
Maintained
25 Jun 2024
Exane BNP Paribas
Kevin Grundy
4%downside
$48
Underperform
Initiated
24 Jun 2024
Stifel
Mark Astrachan
14%upside
$57
Buy
Maintained
17 Jun 2024
Deutsche Bank
Steve Powers
26%upside
$63
Buy
Maintained
14 Jun 2024
RBC Capital
Nik Modi
30%upside
$65
Outperform
Reiterated
14 Jun 2024

Financial journalist opinion

Based on 8 articles about MNST published over the past 30 days