Jim Cramer’s 9 Failed Predictions From 12 Months Ago

3. Monster Beverage Corporation (NASDAQ:MNST)

Number of Hedge Fund Holders: 52

Cramer mentioned Monster Beverage Corporation (NASDAQ:MNST) in an older episode during a segment comparing energy drink giants in light of recent earnings reports. He made it clear that he prefers Celsius over Monster, saying:

“Monster was down more than 15% in just over a month before stabilizing in the low 50s ahead of its most recent earnings report. So when we saw the actual numbers, did these declines turn out to be justified? […] Its stock shot to a new all-time high in mid-March. But the fourth quarter results actually weren’t that good. In fact, they missed on nearly every line. […]

Here’s the bottom line: Monster saw a small bounce… mostly because it also announced a big buyback. I’m not particularly impressed with the latest numbers. You want to own shares of the company that’s taking market share like Celsius, not the one losing share like Monster.”

Cramer dismissed Monster too early and the stock rose 10.77% since his comments.

However, Jim Cramer recently admitted that he likes Monster Beverage Corporation (NASDAQ:MNST). He even included it in his list his 20 all-time favorites, saying:

“In seventh place, with a more than 10,300% gain, is a fun one, Monster Beverage, the energy drink company that was originally known as Hansen Natural before its big rebrand in 2012. Even though the stock’s lost some juice in recent years, the long-term gains here have been staggering, and I pounded the table on this one constantly in the early years.”