GAMMA Investing LLC Raises Holdings in Monster Beverage Corporation $MNST

Key Points

• GAMMA Investing LLC increased its holdings in Monster Beverage Corporation by 19.6% in the second quarter, owning 25,642 shares valued at $1.606 million as of the latest SEC filing.
• Several institutional investors have raised their stakes in Monster Beverage, with over 72.36% of the company now owned by institutional investors.
• Monster Beverage reported $0.52 earnings per share in its last quarterly earnings, surpassing analysts' expectations and showing an 11.1% increase in revenue compared to the same quarter last year.

GAMMA Investing LLC grew its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 19.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,642 shares of the company's stock after purchasing an additional 4,209 shares during the period. GAMMA Investing LLC's holdings in Monster Beverage were worth $1,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vise Technologies Inc. purchased a new position in Monster Beverage in the 4th quarter worth about $207,000. GTS Securities LLC grew its stake in shares of Monster Beverage by 27.0% in the fourth quarter. GTS Securities LLC now owns 3,969 shares of the company's stock worth $209,000 after acquiring an additional 843 shares during the period. Toronto Dominion Bank raised its holdings in shares of Monster Beverage by 3.0% during the fourth quarter. Toronto Dominion Bank now owns 408,826 shares of the company's stock valued at $21,488,000 after purchasing an additional 11,947 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Monster Beverage by 62.3% during the fourth quarter. Forum Financial Management LP now owns 8,143 shares of the company's stock valued at $428,000 after purchasing an additional 3,127 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Monster Beverage by 58.8% during the fourth quarter. Mackenzie Financial Corp now owns 343,807 shares of the company's stock valued at $18,070,000 after purchasing an additional 127,334 shares during the period. 72.36% of the stock is owned by institutional investors.

Insider Activity at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction dated 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 transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MNST shares. Piper Sandler upgraded shares of Monster Beverage from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. Wells Fargo & Company set a $73.00 price objective on Monster Beverage and gave the stock an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus initiated coverage on Monster Beverage in a report on Thursday, June 12th. They issued a "buy" rating and a $72.00 target price on the stock. Morgan Stanley boosted their price target on Monster Beverage from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Rothschild & Co Redburn cut shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a research note on Wednesday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $65.19.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $63.98 on Tuesday. The company has a market cap of $62.47 billion, a P/E ratio of 39.74, a P/E/G ratio of 2.23 and a beta of 0.54. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.13. The firm's fifty day moving average is $62.25 and its two-hundred day moving average is $60.98.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data 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. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the business posted $0.41 earnings per share. The business's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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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