Charles Schwab Investment Management Inc. Purchases 55,257 Shares of Monster Beverage Corporation (NASDAQ:MNST)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Monster Beverage Corporation by 1.4%, acquiring an additional 55,257 shares for a total of 4,057,741 shares, valued at approximately $237.46 million.
• Monster Beverage's stock price rose 6.4% and currently trades at $64.69, with a 52-week range of $45.19 to $66.75.
• In the latest earnings report, Monster Beverage posted $0.52 earnings per share, exceeding analyst expectations and showing a 11.1% year-over-year revenue growth with reported revenue of $2.11 billion.

Charles Schwab Investment Management Inc. grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,057,741 shares of the company's stock after purchasing an additional 55,257 shares during the period. Charles Schwab Investment Management Inc. owned about 0.42% of Monster Beverage worth $237,459,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MNST. Wayfinding Financial LLC bought a new stake in Monster Beverage during the first quarter worth about $29,000. Coppell Advisory Solutions LLC lifted its stake in Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after purchasing an additional 495 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Monster Beverage during the fourth quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in 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 during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Monster Beverage during the first quarter worth about $43,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Up 6.4%

MNST stock opened at $64.69 on Friday. Monster Beverage Corporation has a fifty-two week low of $45.19 and a fifty-two week high of $66.75. The business's 50 day moving average price is $61.55 and its two-hundred day moving average price is $58.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37. The company has a market capitalization of $63.09 billion, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 2.36 and a beta of 0.55.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 28.71% and a net margin of 20.54%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on MNST. Jefferies Financial Group lifted their price target on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Rothschild & Co Redburn downgraded 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. UBS Group reiterated a "neutral" rating and issued a $67.00 price objective (up previously from $64.00) on shares of Monster Beverage in a report on Friday. Royal Bank Of Canada set a $68.00 price objective on Monster Beverage and gave the stock an "outperform" rating in a report on Friday. Finally, CICC Research upgraded Monster Beverage from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $56.00 to $65.00 in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Monster Beverage has an average rating of "Moderate Buy" and a consensus price target of $64.90.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 27,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was 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 in the company, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 8,796 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the transaction, the insider owned 89,501 shares in the company, valued at $5,590,232.46. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by corporate insiders.

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.

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