Earned Wealth Advisors LLC Makes New $371,000 Investment in Monster Beverage Corporation $MNST

Earned Wealth Advisors LLC bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,919 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors have also made changes to their positions in the business. Alta Advisers Ltd acquired a new stake in Monster Beverage in the 1st quarter valued at about $207,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Monster Beverage by 11.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 88,418 shares of the company’s stock valued at $5,174,000 after purchasing an additional 8,851 shares in the last quarter. Keybank National Association OH raised its position in Monster Beverage by 11.0% in the 1st quarter. Keybank National Association OH now owns 25,878 shares of the company’s stock worth $1,514,000 after purchasing an additional 2,555 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in Monster Beverage by 41.0% in the 1st quarter. Aaron Wealth Advisors LLC now owns 9,098 shares of the company’s stock valued at $532,000 after buying an additional 2,646 shares during the last quarter. Finally, Novem Group boosted its position in Monster Beverage by 34.5% in the 1st quarter. Novem Group now owns 19,774 shares of the company’s stock valued at $1,157,000 after buying an additional 5,069 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Price Performance

Shares of MNST stock opened at $66.57 on Friday. The stock has a market cap of $65.00 billion, a PE ratio of 41.35, a price-to-earnings-growth ratio of 2.31 and a beta of 0.54. The stock has a 50-day moving average of $65.97 and a 200-day moving average of $63.06. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72.

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

Analysts Set New Price Targets

MNST has been the topic of several research reports. Redburn Atlantic lowered Monster Beverage from a “strong-buy” rating to a “hold” rating and cut their price target for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Rothschild & Co Redburn cut Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a report on Wednesday, July 9th. Bank of America raised their target price on shares of Monster Beverage from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. UBS Group boosted their price target on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, Roth Capital restated a “neutral” rating and issued a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $67.10.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares of the company’s stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate 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.