Baader Bank Aktiengesellschaft Takes $682,000 Position in Monster Beverage Corporation $MNST

Key Points

• Baader Bank Aktiengesellschaft has made a new investment of approximately $682,000 in Monster Beverage Corporation, acquiring 11,025 shares in the second quarter.
• Institutional investors hold 72.36% of Monster Beverage's stock, with several firms like Vanguard and Invesco increasing their stakes recently.
• Monster Beverage recently reported a quarterly revenue of $2.11 billion and earnings per share of $0.52, surpassing analyst estimates.

Baader Bank Aktiengesellschaft bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,025 shares of the company's stock, valued at approximately $682,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in Monster Beverage in the first quarter valued at about $29,000. Park Square Financial Group LLC bought a new position in shares of Monster Beverage in the 4th quarter worth $36,000. Webster Bank N. A. bought a new position in shares of Monster Beverage during the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after acquiring an additional 196 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Monster Beverage in the 1st quarter worth $43,000. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of recent research reports. Redburn Atlantic cut shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and lowered their price target for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Rothschild & Co Redburn cut shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 target price on the stock. in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price 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. Citigroup boosted their target price on shares of Monster Beverage from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Stifel Nicolaus started coverage on shares of Monster Beverage in a research note on Thursday, June 12th. They set a "buy" rating and a $72.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Monster Beverage presently has a consensus rating of "Hold" and an average target price of $65.19.

Insider Buying and Selling

In other 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 value of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Monster Beverage stock traded down $0.51 during trading on Friday, reaching $64.13. The company had a trading volume of 13,012,741 shares, compared to its average volume of 4,705,793. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $67.13. The firm's 50-day simple moving average is $62.16 and its 200 day simple moving average is $60.84. The firm has a market capitalization of $62.62 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 2.25 and a beta of 0.54.

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

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.