Waterloo Capital L.P. Buys 2,229 Shares of Monster Beverage Corporation $MNST

Waterloo Capital L.P. grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 46.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,999 shares of the company’s stock after purchasing an additional 2,229 shares during the period. Waterloo Capital L.P.’s holdings in Monster Beverage were worth $438,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. grew its position in shares of Monster Beverage by 29.4% during the 2nd quarter. Prudential Financial Inc. now owns 466,835 shares of the company’s stock valued at $29,243,000 after acquiring an additional 105,979 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Monster Beverage by 27.2% during the 2nd quarter. Coldstream Capital Management Inc. now owns 19,552 shares of the company’s stock worth $1,225,000 after acquiring an additional 4,180 shares during the last quarter. Left Brain Wealth Management LLC bought a new stake in shares of Monster Beverage during the second quarter valued at approximately $3,328,000. Charles Schwab Investment Management Inc. lifted its position in shares of Monster Beverage by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,125,602 shares of the company’s stock worth $258,428,000 after purchasing an additional 67,861 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Monster Beverage by 137.2% in the 2nd quarter. American Century Companies Inc. now owns 204,133 shares of the company’s stock worth $12,787,000 after buying an additional 118,088 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Up 1.7%

MNST opened at $73.24 on Tuesday. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $73.62. The firm has a market cap of $71.56 billion, a price-to-earnings ratio of 45.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The company’s 50-day moving average price is $68.44 and its 200 day moving average price is $64.44.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on MNST. Royal Bank Of Canada restated an “outperform” rating on shares of Monster Beverage in a research report on Thursday, November 6th. Wells Fargo & Company boosted their price target on shares of Monster Beverage from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Bank of America upped their price objective on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Stifel Nicolaus boosted their target price on shares of Monster Beverage from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.62.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the company’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $71.33, for a total value of $2,741,782.54. Following the transaction, the insider directly owned 21,993 shares of the company’s stock, valued at $1,568,760.69. This represents a 63.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is 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.