Monster BeverageMNST
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 (-$83.9M) [Q3]
2% less funds holding
Funds holding: 912 [Q2] → 893 (-19) [Q3]
2.8% less ownership
Funds ownership: 62.52% [Q2] → 59.73% (-2.8%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 361
17% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 112
27% less call options, than puts
Call options by funds: $215M | Put options by funds: $295M
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
5 analyst ratings
TD Cowen | 6%upside $55 | Hold Maintained | 11 Nov 2024 |
UBS Peter Grom 31% 1-year accuracy 5 / 16 met price target | 10%upside $57 | Neutral Maintained | 8 Nov 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 16%upside $60 | Overweight Maintained | 5 Nov 2024 |
JP Morgan Andrea Teixeira 45% 1-year accuracy 24 / 53 met price target | 5%downside $49 | Neutral Maintained | 4 Nov 2024 |
B of A Securities Peter Galbo 30% 1-year accuracy 3 / 10 met price target | 10%upside $57 | Buy Maintained | 15 Oct 2024 |
Financial journalist opinion
Based on 3 articles about MNST published over the past 30 days
