Coldstream Capital Management Inc. Acquires 4,180 Shares of Monster Beverage Corporation $MNST

Coldstream Capital Management Inc. raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 27.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,552 shares of the company’s stock after acquiring an additional 4,180 shares during the period. Coldstream Capital Management Inc.’s holdings in Monster Beverage were worth $1,225,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Associates Ltd. boosted its holdings in Monster Beverage by 4.0% in the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after purchasing an additional 189 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of Monster Beverage by 62.7% during the 1st quarter. HB Wealth Management LLC now owns 18,963 shares of the company’s stock valued at $1,110,000 after buying an additional 7,309 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Monster Beverage by 5.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 163,962 shares of the company’s stock worth $9,595,000 after buying an additional 7,891 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Monster Beverage by 4.0% in the 1st quarter. LPL Financial LLC now owns 961,553 shares of the company’s stock worth $56,157,000 after buying an additional 37,307 shares during the last quarter. Finally, TCW Group Inc. bought a new stake in shares of Monster Beverage in the first quarter worth $594,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $74.82 on Wednesday. The company has a market capitalization of $73.10 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.31 and a beta of 0.53. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $74.95. The firm’s 50 day simple moving average is $68.62 and its two-hundred day simple moving average is $64.53.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Guy Carling sold 38,438 shares of the business’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 in the company, valued at $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MNST shares. Bank of America increased their target price on Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Monster Beverage from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Zacks Research upgraded shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.62.

About Monster Beverage

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.