Monster Beverage (MNST)

• Market cap: $50.6B
• 1 day: -7.08%
• 5 days: -4.46%
• 1 month: -1.18%
• 3 months: 10.66%
• 6 months: -4.13%
• Year to date: -11.25%
• 1 year: -6.17%
• 5 years: 77.35%
• 10 years: 183.38%
• Sector: Consumer Staples
• Industry: Bottled & Canned Soft Drinks & Carbonated Waters

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, Bang 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 Q3 regulatory filings by fund managers ($100M+ AUM)

0% less capital invested

Capital invested by funds: $32.5B [Q2] → $32.4B (-$160M) [Q3]

2.94% less ownership

Funds ownership: 62.52% [Q2] → 59.58% (-2.94%) [Q3]

4% less funds holding

Funds holding: 911 [Q2] → 872 (-39) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 351

27% less call options, than puts

Call options by funds: $215M | Put options by funds: $295M

30% less first-time investments, than exits

New positions opened: 91 | Existing positions closed: 130

50% less funds holding in top 10

Funds holding in top 10: 6 [Q2] → 3 (-3) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $49 6% downside
• Avg. target: $56 7% upside
• High target: $60 15% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

TD Cowen	6% upside $55	Hold Maintained	11 Nov 2024
UBS Peter Grom 38% 1-year accuracy 6 / 16 met price target	10% upside $57	Neutral Maintained	8 Nov 2024
Wells Fargo Chris Carey 46% 1-year accuracy 13 / 28 met price target	15% upside $60	Overweight Maintained	5 Nov 2024
JP Morgan Andrea Teixeira 46% 1-year accuracy 26 / 56 met price target	6% downside $49	Neutral Maintained	4 Nov 2024
B of A Securities Peter Galbo 40% 1-year accuracy 4 / 10 met price target	10% upside $57	Buy Maintained	15 Oct 2024