Fintel reports that on December 6, 2024, Needham initiated coverage of Monster Beverage (NasdaqGS:MNST) with a Hold recommendation.
Analyst Price Forecast Suggests 6.47% Upside
As of December 2, 2024, the average one-year price target for Monster Beverage is $56.53/share. The forecasts range from a low of $40.40 to a high of $66.15. The average price target represents an increase of 6.47% from its latest reported closing price of $53.10 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Monster Beverage is 8,097MM, an increase of 9.26%. The projected annual non-GAAP EPS is 3.63.
What is the Fund Sentiment?
There are 1,752 funds or institutions reporting positions in Monster Beverage. This is an decrease of 5 owner(s) or 0.28% in the last quarter. Average portfolio weight of all funds dedicated to MNST is -11.99%, an increase of 4,708.82%. Total shares owned by institutions increased in the last three months by 0.55% to 782,079K shares. 
The put/call ratio of MNST is 1.41, indicating a bearish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 49,071K shares representing 5.05% ownership of the company. In its prior filing, the firm reported owning 42,932K shares , representing an increase of 12.51%. The firm increased its portfolio allocation in MNST by 56.38% over the last quarter.
Jpmorgan Chase holds 34,410K shares representing 3.54% ownership of the company. In its prior filing, the firm reported owning 32,070K shares , representing an increase of 6.80%. The firm decreased its portfolio allocation in MNST by 93.00% over the last quarter.
Loomis Sayles & Co L P holds 27,143K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 25,913K shares , representing an increase of 4.53%. The firm increased its portfolio allocation in MNST by 4.22% over the last quarter.
Capital World Investors holds 22,621K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 20,449K shares , representing an increase of 9.60%. The firm increased its portfolio allocation in MNST by 9.85% over the last quarter.
Janus Henderson Group holds 22,559K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 10,780K shares , representing an increase of 52.21%. The firm decreased its portfolio allocation in MNST by 27.48% over the last quarter.
Monster Beverage Background Information
(This description is provided by the company.)
Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company’s subsidiaries develop and market energy drinks, including Monster Energy® energy drinks, Monster Energy Ultra® energy drinks, Monster MAXX® maximum strength energy drinks, Java Monster® non-carbonated coffee + energy drinks, Espresso Monster® non-carbonated espresso + energy drinks, Monster Rehab® non-carbonated tea + energy drinks, Muscle Monster® non-carbonated energy shakes, Monster Hydro® non-carbonated refreshment + energy drinks, Monster HydroSport Super Fuel® non-carbonated advanced hydration + energy drinks, Monster Dragon Tea® non-carbonated energy teas, Reign Total Body Fuel® high performance energy drinks, 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.
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