William Blair Investment Management Reduces $79M in Monster Beverage Corporation ($MNST)
Key Points
- William Blair Investment Management changed its Monster Beverage Corporation ($MNST) stake by 21.96% last quarter, cutting to 2,935,247 shares worth $282.14 million.
- Wall Street's consensus rating on $MNST is Buy and an average price target of $50.26.
- $MNST last traded around $96.12.
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William Blair Investment Management reduced its position in Monster Beverage Corporation ($MNST) by 21.96% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,935,247 shares of Monster Beverage Corporation after selling 826,002 shares during the quarter. William Blair Investment Management's holdings in Monster Beverage Corporation were worth $282.14 million as of its most recent filing.
Monster Beverage Corporation Stock Up 105.1%
Shares of Monster Beverage Corporation ($MNST) traded around $96.12 on Saturday, up 105.1% for the day.
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About Monster Beverage Corporation
Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through four segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages. In addition, the company provides its products under the Monster Energy, Monster Energy Ultra, Rehab Monster, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Tour Water, Reign Total Body Fuel, Reign Storm, Bang Energy, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play and Power Play, Relentless, BPM, BU, Samurai, Live+, Predator, and Fury brands. Further, it offers craft beers, flavored malt beverages,and hard seltzers under the Jai Alai IPA, Florida Man IPA, Dale's Pale Ale, Wild Basin Hard Seltzers, Dallas Blonde, Deep Ellum IPA, Perrin Brewing Company Black Ale, Hop Rising Double IPA, Wasatch Apricot Hefeweizen, The Beast, and Beast Tea, Blind Lemon, and Blinder Lemon brands. The company engages in the concentrates and/or beverage bases to authorized bottling, and canning operations. It sells its products to full-service beverage bottlers/distributors, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience and gas chains, food service customers, value stores, e-commerce retailers, and the military. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.
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