Fintel reports that on April 6, 2023, UBS maintained its Neutral recommendation on Monster Beverage (NASDAQ: MNST).
The analyst price outlook suggests a 7.09% increase.
The average one-year price target for Monster Beverage as of April 6, 2023, is $56.54. The range of forecasts is between $50.50 and $65.62. The average price target represents an increase of 7.09 percent compared to the stock’s most recent reported closing price of $52.80.
View our ranking of companies with the highest price target appreciation.
The annual revenue forecast for Monster Beverage is $7,256,000,000, representing an increase of 14.97%. The annual non-GAAP EPS forecast is $3.06.
What actions do other shareholders take?
Institutional Ownership of MNST / Monster Beverage Corp Shares TMFE – Motley Fool Capital Efficiency 100 Index ETF holds 2,000 shares, or 0% of the company. In a previous filing, the company disclosed ownership of 2,000 shares, representing an increase of 0.45%. Over the past quarter, the company increased its portfolio allocation to MNST by 18.77%.
FDFIX – Fidelity Flex 500 Index Fund owns 31,000 shares, which represents 0% of the company. In its previous filing, the company disclosed ownership of 29,000 shares, representing an increase of 5.67 percent. Over the past quarter, the company increased its portfolio allocation to MNST by 15.08%.
0K shares held by Capital Advisors represent a 0.00% stake in the company. In its previous filing, the company reported owning 0K shares, representing a 52.94% decrease. Over the past quarter, the company decreased its portfolio allocation to MNST by 10.77%.
IFP Advisors holds 5,000 shares, or 0.00% of the company’s stock. In its previous filing, the company disclosed ownership of 8,000 shares, representing a decrease of 52.64 percent. Over the past quarter, the company reduced its portfolio allocation to MNST by 33.83 percent.
Cinctive Capital Management owns 44,000 shares, which represents 0% of the company. In its previous filing, the company reported owning 116k shares, a decrease of 165.19%. Over the past quarter, the company reduced its portfolio allocation to MNST by 48.58 percent.
What does Fund Sentiment mean?
1641 funds or institutions have reported holdings in Monster Beverage. This represents an increase of 80 owners, or 5.12%, over the previous quarter. The average portfolio weight of all funds devoted to MNST has increased by 9.11% to 0.40%. In the past three months, the total number of shares owned by institutions decreased by 2.64%, to 414,229K shares. Put/Call Ratios of MNST/Monster Beverage Corporation The MNST put/call ratio is 1.55, which indicates a bearish outlook.
Monster Beverage Corporation, headquartered in Corona, California, is a holding corporation that operates solely through its consolidated subsidiaries. The Company’s subsidiaries produce and sell energy drinks, such as Monster Energy® energy drinks, Monster Energy Ultra® energy drinks, Monster MAXX® maximal potency energy drinks, Java Monster® non-carbonated coffee + energy drinks, and Espresso Monster® non-carbonated espresso + energy drinks. Monster Rehab® caffeine-free tea and energy beverages, Monster Hydro® non-carbonated energy beverages and Monster HydroSport Super Fuel® non-carbonated advanced hydration and energy drinks. Monster Dragon Tea® energy infusions without carbonation, Reign Complete Body Fuel® premium energy beverages, Reign Inferno® thermogenic fuel high performance energy drinks, NOS® energy drinks, Full Throttle® energy drinks, Burn® energy drinks, Samurai® energy drinks, Relentless® energy drinks, Mother® energy drinks, Play® and Power Play® (stylized) energy drinks, BU® energy drinks, Nalu® energy drinks, BPM® energy drinks, Gladiator® energy drinks, Ultra Energy® energy drinks, Live+® energy drinks, Predator® energy drinks and Fury® energy drinks.