Dynamic Technology Lab Private Ltd Takes Position in Monster Beverage Corporation $MNST

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $1.11 million in Monster Beverage Corporation by acquiring 19,001 shares during the first quarter.
• In recent insider activity, Director Mark Vidergauz sold 10,000 shares at $63.73, which decreases his holdings by 16.34%.
• Monster Beverage has seen a series of upgrades from research analysts, with Bank of America raising its price target from $66.00 to $72.00 while maintaining a "buy" rating.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 19,001 shares of the company's stock, valued at approximately $1,112,000.

Several other institutional investors have also modified their holdings of MNST. Wayfinding Financial LLC bought a new position in shares of Monster Beverage during the 1st quarter valued at about $29,000. Park Square Financial Group LLC acquired a new stake in Monster Beverage during the 4th quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 37.1% during 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 period. Banque Cantonale Vaudoise acquired a new stake in shares of Monster Beverage during the 1st quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Monster Beverage by 21.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock worth $77,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the sale, the director directly owned 51,191 shares of the company's stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Monster Beverage stock traded down $0.52 during midday trading on Wednesday, hitting $62.83. 4,829,972 shares of the company's stock were exchanged, compared to its average volume of 4,455,368. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $66.75. The company has a market cap of $61.35 billion, a P/E ratio of 39.02, a PEG ratio of 2.20 and a beta of 0.54. The stock has a 50-day moving average price of $61.62 and a two-hundred day moving average price of $60.28.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion for 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%. Monster Beverage's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research analyst reports. Roth Capital reaffirmed a "neutral" rating and issued a $60.00 target price (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Wells Fargo & Company set a $73.00 price objective on Monster Beverage and gave the company an "overweight" rating in a report on Friday, August 8th. Morgan Stanley raised 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. The Goldman Sachs Group upped their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a report on Friday, June 13th. Finally, Royal Bank Of Canada set a $68.00 target price on shares of Monster Beverage and gave the stock an "outperform" rating in a research report on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of "Hold" and an average target price of $65.10.

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.