111 Capital Has $607,000 Holdings in Monster Beverage Corporation $MNST

Key Points

• 111 Capital reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 59.1%, holding 9,693 shares valued at $607,000 at the end of the second quarter.
• Institutional investors own 72.36% of Monster Beverage's stock, with several funds, including Wayfinding Financial and Webster Bank, acquiring new positions in recent months.
• Research analysts have recently raised Monster Beverage's target price, with the average consensus now at $65.19 and a majority rating the stock as a "Buy."

111 Capital lessened its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 59.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,693 shares of the company's stock after selling 14,014 shares during the quarter. 111 Capital's holdings in Monster Beverage were worth $607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. Wayfinding Financial LLC acquired a new position in Monster Beverage in the first quarter valued at about $29,000. Webster Bank N. A. acquired a new position in Monster Beverage in the second quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Monster Beverage by 37.1% in 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 in the last quarter. Banque Cantonale Vaudoise acquired a new position in Monster Beverage during the first quarter worth about $43,000. Finally, Ameritas Advisory Services LLC acquired a new position in Monster Beverage during the second quarter worth about $55,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Analysts Set New Price Targets

MNST has been the subject of several research analyst reports. Morgan Stanley boosted their target price on Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Bank of America boosted their target price on Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Stifel Nicolaus initiated coverage on Monster Beverage in a research note on Thursday, June 12th. They set a "buy" rating and a $72.00 target price for the company. The Goldman Sachs Group boosted their target price on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Finally, UBS Group boosted their target price on Monster Beverage from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $65.19.

Insider Activity

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 in the company, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% of the company's stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $67.17 on Monday. The stock has a market capitalization of $65.59 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 2.34 and a beta of 0.54. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.89. The stock's 50 day moving average price is $63.47 and its two-hundred day moving average price is $61.64.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current year.

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.

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