12 Best FMCG Stocks to Buy According to Billionaires

8. Monster Beverage Corporation (NASDAQ:MNST)

Number of Billionaire Investors: 12

Number of Hedge Fund Holders: 52

Monster Beverage Corporation (NASDAQ:MNST) is engaged in the developing, marketing, selling, and distributing energy drink beverages and concentrates.  Christopher Carey from Wells Fargo maintained a “Buy” rating on the company’s stock with a price objective of $60.00. The rating is backed by a combination of factors demonstrating a favourable outlook for the company. The analyst has highlighted the improving trends in the U.S. energy drink category, together with the long-term growth potential in international markets. Some of the critical highlights consist of accelerating growth in the US market as well as an increase in shelf space for energy drinks. Despite the challenges, Carey opines that Monster Beverage Corporation (NASDAQ:MNST)’s growth prospects and strategic initiatives justify the rating.

Elsewhere, Needham analyst Gerald Pascarelli reiterated the neutral stance on the company’s stock, providing a “Hold” rating. The analyst’s rating is backed by factors demonstrating a balanced outlook.  As per the analyst, Monster Beverage Corporation (NASDAQ:MNST) closed the year on a strong footing and is entering 2025 with favorable momentum, thanks to the stable elasticities after a price increase. The analyst anticipates that Monster Beverage Corporation (NASDAQ:MNST)’s revenue can improve during the summer months as the effects of the price increase become pronounced.