Guru Steven Cohen (Trades, Portfolio) purchased an 840,500-share stake in Monster Beverage Corp. (MNST, Financial) during the first quarter.
Monster Beverage has a market cap of $30.03 billion, a P/E ratio of 41.54, an enterprise value of $26.99 billion, a P/B ratio of 6.01 and a quick ratio of 7.02.
Monster Beverage was incorporated in Delaware on April 25, 1990, and was previously known as Hansen Natural Corporation. The company through its subsidiaries markets and distributes energy drinks. Monster Beverage offers popular energy drink products such as Monster Energy drinks, Monster Energy Extra Strength, Monster Rehab, noncarbonated energy drinks with electrolytes, Muscle Monster Energy Shakes, Ubermonster energy drinks, NOS energy drinks, Full Throttle energy drinks, Burn energy drinks, Samurai energy drinks, Relentless energy drinks, Mother energy drinks, Power Play energy drinks, BU energy drinks, Nalu energy drinks, BPM energy drinks, Gladiator energy drinks and Ultra energy drinks.
Monster Beverage is also traded in Germany.
According to GuruFocus Monster Beverage has a 9/10 financial strength rating with no debt. The company also has a 9/10 profitability and growth rating according to GuruFocus with an operating margin of 41.09%, ranking it above 96% of the companies in the global beverages soft drinks industry.
It is possible that Cohen is betting heavily on Monster Beverage because the company has significantly improved its financial results over the previous 10 years. The company has reported revenue growth of 21.60%, EBITDA growth of 24.20%, Operating Income growth of 23.60%, EPS without NRI Growth of 23.60%, free cash flow growth of 18.50%, and its book value growth has increased by 31.20% over the previous decade.
Below is a Peter Lynch Chart for Monster Beverage.
Cohen is a multibillionaire and the founder of Point72 Asset Management LP. The investment firm is headquartered in Stamford, Connecticut and maintains affiliated offices in New York, London, Hong Kong, Tokyo and Singapore. Point72 Asset Management currently has approximately 1,000 employees, which includes more than 250 investment professionals. Point72 Asset Management LP currently owns 795 stocks with a total value of $13.04 million dollars.
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