True Wealth Design LLC Has $89,000 Stock Position in Monster Beverage Corporation $MNST

True Wealth Design LLC increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 672.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,413 shares of the company’s stock after acquiring an additional 1,230 shares during the quarter. True Wealth Design LLC’s holdings in Monster Beverage were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MNST. Access Investment Management LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth about $25,000. Salomon & Ludwin LLC bought a new position in Monster Beverage during the second quarter valued at about $28,000. Golden State Wealth Management LLC raised its holdings in Monster Beverage by 647.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after acquiring an additional 479 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $38,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 37.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares during the period. 72.36% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Mark Vidergauz sold 10,000 shares of the company’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 owned 51,191 shares in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNST. Bank of America raised their target price on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price (up previously from $74.00) on shares of Monster Beverage in a research note on Friday. JPMorgan Chase & Co. raised their price target on shares of Monster Beverage from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wall Street Zen raised Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday. Fourteen 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.41.

Monster Beverage Trading Up 5.2%

NASDAQ:MNST opened at $69.73 on Friday. The stock has a market capitalization of $68.09 billion, a P/E ratio of 43.31, a price-to-earnings-growth 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 $72.62. The firm has a 50 day moving average of $66.59 and a 200-day moving average of $63.44.

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

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.