Landscape Capital Management L.L.C. boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,725 shares of the company's stock after acquiring an additional 47,428 shares during the period. Monster Beverage makes up approximately 1.1% of Landscape Capital Management L.L.C.'s holdings, making the stock its 5th largest holding. Landscape Capital Management L.L.C.'s holdings in Monster Beverage were worth $11,922,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Twin Capital Management Inc. boosted its holdings in Monster Beverage by 11.6% during the first quarter. Twin Capital Management Inc. now owns 5,213 shares of the company's stock valued at $305,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Monster Beverage by 2.4% in the first quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company's stock valued at $18,475,000 after acquiring an additional 7,465 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Monster Beverage by 76.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock valued at $3,915,000 after acquiring an additional 28,932 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Monster Beverage by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company's stock worth $75,455,000 after purchasing an additional 11,443 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Monster Beverage by 3.8% in the first quarter. Asset Management One Co. Ltd. now owns 423,548 shares of the company's stock worth $24,786,000 after purchasing an additional 15,493 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.
Monster Beverage Trading Up 0.6%
MNST traded up $0.39 on Friday, reaching $62.41. The stock had a trading volume of 4,163,476 shares, compared to its average volume of 6,768,074. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $66.75. The firm has a 50-day moving average of $61.59 and a 200-day moving average of $59.66. The company has a market capitalization of $60.94 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.55.
Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $2.08 billion. During the same period last year, the company earned $0.41 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction that occurred 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 directly owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts recently weighed in on MNST shares. Roth Mkm upped their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Rothschild & Co Redburn lowered shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target on the stock. in a research note on Wednesday, July 9th. CICC Research upgraded shares of Monster Beverage from a "market perform" rating to an "outperform" rating and upped their price target for the company from $56.00 to $65.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. upped their price target on shares of Monster Beverage from $64.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada set a $68.00 price target on shares of Monster Beverage and gave the company an "outperform" rating in a research note on Friday, August 8th. Twelve 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, the company presently has an average rating of "Hold" and a consensus target price of $65.10.
Check Out Our Latest Report on Monster Beverage
About Monster Beverage
(
Free Report)
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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