Monster BeverageMNST
Market Cap: $47.7B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]
3% less call options, than puts
Call options by funds: $210M | Put options by funds: $216M
4.78% less ownership
Funds ownership: 65.85% [Q1] → 61.06% (-4.78%) [Q2]
7% less funds holding
Funds holding: 974 [Q1] → 903 (-71) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 376
22% less capital invested
Capital invested by funds: $40.6B [Q1] → $31.8B (-$8.82B) [Q2]
45% less first-time investments, than exits
New positions opened: 87 | Existing positions closed: 158
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
Roth MKM Sean McGowan 46% 1-year accuracy 13 / 28 met price target | 3%upside $50 | Neutral Maintained | 12 Aug 2024 |
Truist Securities Bill Chappell 64% 1-year accuracy 16 / 25 met price target | 18%downside $40 | Sell Maintained | 9 Aug 2024 |
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 23%upside $60 | Outperform Maintained | 8 Aug 2024 |
Citigroup Filippo Falorni 58% 1-year accuracy 11 / 19 met price target | 11%upside $54 | Buy Maintained | 8 Aug 2024 |
JP Morgan Andrea Teixeira 53% 1-year accuracy 32 / 60 met price target | 3%upside $50 | Neutral Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 6 articles about MNST published over the past 30 days