Interval Partners LP Buys Shares of 488,328 Monster Beverage Corporation $MNST

Key Points

• Interval Partners LP made a new investment in Monster Beverage Corporation, purchasing around 488,328 shares valued at approximately $28.58 million, representing 0.05% of the company's total stock ownership.
• Monster Beverage reported earnings of $0.52 per share in its latest quarterly results, exceeding analysts' estimates, and recorded a revenue of $2.11 billion, reflecting an 11.1% increase year-over-year.
• Institutional investors own 72.36% of Monster Beverage's stock, with several hedge funds notably increasing their stakes during the most recent quarter.

Interval Partners LP purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 488,328 shares of the company's stock, valued at approximately $28,577,000. Interval Partners LP owned about 0.05% of Monster Beverage as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Monster Beverage by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company's stock worth $3,791,313,000 after buying an additional 1,151,175 shares in the last quarter. Invesco Ltd. lifted its position in shares of Monster Beverage by 6.6% during the 1st quarter. Invesco Ltd. now owns 9,154,347 shares of the company's stock worth $535,712,000 after buying an additional 563,353 shares in the last quarter. Nuveen LLC bought a new position in shares of Monster Beverage during the 1st quarter worth approximately $497,157,000. Northern Trust Corp lifted its position in shares of Monster Beverage by 1.0% during the 1st quarter. Northern Trust Corp now owns 7,431,658 shares of the company's stock worth $434,901,000 after buying an additional 73,737 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Monster Beverage by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,406,131 shares of the company's stock worth $284,146,000 after buying an additional 493,914 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Trading Down 1.6%

Shares of NASDAQ:MNST traded down $0.99 during mid-day trading on Friday, reaching $62.46. The company had a trading volume of 3,338,533 shares, compared to its average volume of 4,827,029. The company's 50-day moving average price is $61.62 and its 200-day moving average price is $60.17. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $66.75. The firm has a market cap of $60.99 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.17 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares of the company's stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Rothschild & Co Redburn cut shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 target price on the stock. in a research report on Wednesday, July 9th. Wall Street Zen cut shares of Monster Beverage from a "buy" rating to a "hold" rating in a research report on Friday. Roth Mkm lifted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Finally, Bank of America lifted their target price on shares of Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twelve equities research 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $65.10.

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.