Foundations Investment Advisors LLC Takes Position in Monster Beverage Corporation $MNST

Foundations Investment Advisors LLC bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,450 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also recently added to or reduced their stakes in MNST. Advisors Capital Management LLC grew its holdings in shares of Monster Beverage by 3.6% during the 2nd quarter. Advisors Capital Management LLC now owns 6,514 shares of the company’s stock worth $408,000 after purchasing an additional 228 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in Monster Beverage during the second quarter worth $2,705,000. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Monster Beverage by 16.5% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,543 shares of the company’s stock valued at $1,096,000 after buying an additional 2,489 shares during the period. Candriam S.C.A. raised its stake in shares of Monster Beverage by 12.9% in the 2nd quarter. Candriam S.C.A. now owns 44,673 shares of the company’s stock valued at $2,798,000 after buying an additional 5,108 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Monster Beverage by 3.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 105,722 shares of the company’s stock valued at $6,622,000 after buying an additional 3,155 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the sale, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Monster Beverage Price Performance

MNST stock opened at $72.04 on Friday. The business has a fifty day moving average price of $68.27 and a 200 day moving average price of $64.29. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $73.07. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 2.31 and a beta of 0.53.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MNST shares. UBS Group lifted their target price on shares of Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Wall Street Zen raised Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Evercore ISI increased their target price on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Roth Capital reaffirmed a “neutral” rating and issued a $60.00 price target (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Finally, Citigroup reiterated a “buy” rating and issued a $79.00 price target (up from $76.00) on shares of Monster Beverage in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.62.

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.