Dimensional Fund Advisors LP Has $206.79 Million Holdings in Monster Beverage Corporation $MNST

Key Points

• Dimensional Fund Advisors LP increased its stake in Monster Beverage Corporation by 7.0%, now holding 3,534,019 shares valued at approximately $206.8 million.
• Recent trading activity included Monster's CFO selling 27,000 shares for about $1.7 million, reducing his ownership by 28.05%.
• Monster Beverage reported a profit of $0.52 earnings per share, beating analyst estimates and reflecting an 11.1% year-over-year revenue increase to $2.11 billion.

Dimensional Fund Advisors LP grew its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 7.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,534,019 shares of the company's stock after buying an additional 230,542 shares during the period. Dimensional Fund Advisors LP owned 0.36% of Monster Beverage worth $206,786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new stake in Monster Beverage during the 1st quarter worth $29,000. Coppell Advisory Solutions LLC boosted its position in shares of Monster Beverage by 259.2% in the 4th 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 acquired a new stake in shares of Monster Beverage during the fourth quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of 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 period. Finally, Banque Cantonale Vaudoise bought a new stake in Monster Beverage in the first quarter valued at about $43,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded down $1.52 on Friday, hitting $62.84. The company had a trading volume of 4,681,285 shares, compared to its average volume of 6,158,675. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $66.75. The stock has a 50-day moving average of $61.70 and a 200-day moving average of $58.95. The firm has a market capitalization of $61.36 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.11 and a beta of 0.55.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations 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 was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Transactions at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares of the company's stock, valued at $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 is available at this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MNST. Piper Sandler upgraded Monster Beverage from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $54.00 to $74.00 in a report on Thursday, August 7th. Roth Mkm upped their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. TD Cowen lifted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. Stifel Nicolaus started coverage on shares of Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 price objective for the company. Finally, UBS Group upped their target price on shares of Monster Beverage from $64.00 to $67.00 and gave the company a "neutral" rating in a research note 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 stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and a consensus price target of $65.10.

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.