Monster Beverage Corporation $MNST Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 39,281.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,379,522 shares of the company’s stock after purchasing an additional 1,376,019 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.14% of Monster Beverage worth $86,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC lifted its holdings in shares of Monster Beverage by 1.0% during the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after acquiring an additional 174 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after buying an additional 189 shares during the period. Accretive Wealth Partners LLC increased its position in Monster Beverage by 1.0% during the 2nd quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after purchasing an additional 190 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Monster Beverage by 2.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock valued at $420,000 after acquiring an additional 191 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake 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 worth $42,000 after purchasing an additional 196 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 transaction of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $69.73 on Friday. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $72.62. The firm’s 50-day moving average is $66.59 and its 200-day moving average is $63.44. The company has a market cap of $68.09 billion, a P/E ratio of 43.31, a PEG ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates 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 was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. As a group, sell-side analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Monster Beverage from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday. 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.00 price target on shares of Monster Beverage in a report on Tuesday. Royal Bank Of Canada reissued an “outperform” rating on shares of Monster Beverage in a research report on Thursday. Finally, Evercore ISI lifted their target price on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.41.

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.