Fox Run Management L.L.C. Purchases New Stake in Monster Beverage Corporation $MNST

Key Points

• Fox Run Management L.L.C. acquired 23,345 shares of Monster Beverage Corporation (NASDAQ: MNST) in the first quarter, valued at approximately $1.366 million.
• Multiple institutional investors have increased their stakes in Monster Beverage, with Vestmark Advisory Solutions Inc. growing its position by 207.3%, now holding 18,747 shares valued at $1.097 million.
• Monster Beverage's stock performance shows a current price of $64.20, and the company reported a 20.54% net margin with an earnings per share (EPS) of $0.52 for the last quarter.

Fox Run Management L.L.C. bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 23,345 shares of the company's stock, valued at approximately $1,366,000.

A number of other institutional investors also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. lifted its position in shares of Monster Beverage by 207.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 18,747 shares of the company's stock valued at $1,097,000 after acquiring an additional 12,647 shares during the period. E Fund Management Co. Ltd. lifted its position in shares of Monster Beverage by 19.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 28,783 shares of the company's stock valued at $1,684,000 after acquiring an additional 4,740 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Monster Beverage by 0.4% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 229,115 shares of the company's stock valued at $13,408,000 after acquiring an additional 825 shares during the period. S Bank Fund Management Ltd acquired a new position in shares of Monster Beverage during the 1st quarter valued at $517,000. Finally, National Pension Service lifted its position in shares of Monster Beverage by 2.3% during the 1st quarter. National Pension Service now owns 1,057,627 shares of the company's stock valued at $61,892,000 after acquiring an additional 23,298 shares during the period. Institutional investors and hedge funds own 72.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada set a $68.00 target price on shares of Monster Beverage and gave the company an "outperform" rating in a research report on Friday, August 8th. Redburn Atlantic downgraded shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $63.00 to $60.00 in a report on Wednesday, July 9th. Rothschild & Co Redburn downgraded shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a report on Wednesday, July 9th. Roth Mkm upped their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $65.10.

Monster Beverage Price Performance

Shares of MNST stock traded up $0.4580 on Wednesday, hitting $64.4480. The stock had a trading volume of 1,357,489 shares, compared to its average volume of 6,157,191. The business has a 50 day moving average of $61.65 and a 200 day moving average of $58.80. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.10 and a beta of 0.55. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mark Vidergauz sold 10,000 shares of the 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 completion of the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the transaction, the chief financial officer owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Company 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.