Focus Partners Advisor Solutions LLC Makes New Investment in Monster Beverage Corporation $MNST

Key Points

• Focus Partners Advisor Solutions LLC has invested approximately $291,000 in Monster Beverage Corporation, acquiring nearly 5,000 shares in the first quarter.
• Monster Beverage reported $0.52 earnings per share for the recent quarter, exceeding estimates, and demonstrating an 11.1% revenue growth year-over-year.
• Analysts have raised their price targets for Monster Beverage, with Morgan Stanley and Citigroup both setting targets at $74.00, reflecting bullish sentiment for the stock.

Focus Partners Advisor Solutions LLC bought a new position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 4,976 shares of the company's stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MNST. One Wealth Capital Management LLC raised its position in Monster Beverage by 38.0% in the 1st quarter. One Wealth Capital Management LLC now owns 6,360 shares of the company's stock worth $372,000 after purchasing an additional 1,752 shares during the period. Panagora Asset Management Inc. grew its holdings in Monster Beverage by 22.4% in the 1st quarter. Panagora Asset Management Inc. now owns 35,209 shares of the company's stock worth $2,060,000 after acquiring an additional 6,442 shares during the last quarter. Vident Advisory LLC grew its holdings in Monster Beverage by 43.7% in the 1st quarter. Vident Advisory LLC now owns 29,084 shares of the company's stock worth $1,702,000 after acquiring an additional 8,847 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in Monster Beverage by 18.1% in the 1st quarter. Evergreen Capital Management LLC now owns 8,076 shares of the company's stock worth $473,000 after acquiring an additional 1,237 shares during the last quarter. Finally, State of Wyoming bought a new stake in Monster Beverage in the 1st quarter worth $278,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MNST shares. Wells Fargo & Company set a $73.00 target price on shares of Monster Beverage and gave the company an "overweight" rating in a research note on Friday, August 8th. Roth Mkm lifted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Citigroup lifted their target price on shares of Monster Beverage from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Redburn Atlantic lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and cut their target price for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Finally, Bank of America lifted their target price on shares of Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $65.10.

Monster Beverage Stock Performance

Shares of MNST traded down $0.52 during mid-day trading on Wednesday, hitting $62.83. 4,829,972 shares of the company traded hands, compared to its average volume of 6,051,848. The stock has a 50-day moving average price of $61.62 and a two-hundred day moving average price of $60.26. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $66.75. The stock has a market cap of $61.35 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.19 and a beta of 0.54.

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

Insider Buying and Selling 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 shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the transaction, the director directly 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 document filed with the SEC, which is accessible through the SEC website. 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.