Blair William & Co. IL Acquires 342 Shares of Monster Beverage Corporation $MNST

Blair William & Co. IL grew its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,254 shares of the company’s stock after purchasing an additional 342 shares during the quarter. Blair William & Co. IL’s holdings in Monster Beverage were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MNST. Nuveen LLC acquired a new position in Monster Beverage in the 1st quarter valued at $497,157,000. Montrusco Bolton Investments Inc. grew its stake in Monster Beverage by 54.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company’s stock valued at $303,728,000 after buying an additional 1,897,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Monster Beverage by 34.6% in the 1st 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 last quarter. Amundi grew its stake in Monster Beverage by 69.8% in the 1st quarter. Amundi now owns 3,032,591 shares of the company’s stock valued at $180,894,000 after buying an additional 1,246,114 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Monster Beverage by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after buying an additional 1,151,175 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $68.65 on Thursday. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $70.06. The company has a market capitalization of $67.03 billion, a PE ratio of 42.64, a PEG ratio of 2.39 and a beta of 0.54. The company has a 50 day moving average price of $64.82 and a two-hundred day moving average price of $62.16.

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, topping the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the firm’s 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 transaction, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MNST. Roth Capital restated a “neutral” rating and issued a $60.00 price target (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Rothschild & Co Redburn lowered shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Royal Bank Of Canada raised their price target on shares of Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Morgan Stanley raised their price target on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and an average price target of $66.05.

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.