ST Germain D J Co. Inc. Invests $151,000 in Monster Beverage Corporation $MNST

ST Germain D J Co. Inc. acquired a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the second quarter, Holdings Channel.com reports. The fund acquired 2,408 shares of the company’s stock, valued at approximately $151,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Monster Beverage by 1.8% in the first quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after acquiring an additional 1,151,175 shares during the period. Invesco Ltd. increased its position in shares of Monster Beverage by 6.6% in the first quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after acquiring an additional 563,353 shares during the period. Nuveen LLC purchased a new position in shares of Monster Beverage during the first quarter valued at about $497,157,000. Northern Trust Corp increased its position in shares of Monster Beverage by 1.0% during the first quarter. Northern Trust Corp now owns 7,431,658 shares of the company’s stock valued at $434,901,000 after buying an additional 73,737 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Monster Beverage by 34.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company’s stock valued at $425,921,000 after buying an additional 1,872,075 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the topic of several research analyst reports. Royal Bank Of Canada set a $68.00 price target on shares of Monster Beverage and gave the company an “outperform” rating in a research report on Friday, August 8th. UBS Group upped their price objective on shares of Monster Beverage from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Wells Fargo & Company set a $73.00 target price on shares of Monster Beverage and gave the stock an “overweight” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Finally, Stifel Nicolaus initiated coverage on shares of Monster Beverage in a research report on Thursday, June 12th. They set a “buy” rating and a $72.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Monster Beverage currently has an average rating of “Hold” and a consensus target price of $65.19.

Monster Beverage Stock Up 1.2%

MNST stock opened at $65.34 on Friday. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $67.13. The company has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $61.21. The firm has a market capitalization of $63.80 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. As a group, analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.30% of the stock is owned by insiders.

Monster Beverage Profile

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 three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.