Monster Beverage Corporation $MNST Stock Position Increased by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its stake in Monster Beverage Corporation by 113.0% in the second quarter, owning 13,643 shares valued at $855,000.
• Monster Beverage's stock recently opened at $69.72 and reported a quarterly earnings per share of $0.52, beating estimates by $0.04.
• Institutional investors and hedge funds own 72.36% of Monster Beverage's stock, with analysts maintaining a mixed rating distribution, including an average target price of $66.05.

Stratos Wealth Partners LTD. boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 113.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,643 shares of the company's stock after buying an additional 7,238 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Monster Beverage were worth $855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MNST. GAMMA Investing LLC boosted its position in shares of Monster Beverage by 2.2% in the 1st quarter. GAMMA Investing LLC now owns 21,433 shares of the company's stock valued at $1,254,000 after purchasing an additional 460 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Monster Beverage by 28.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,501 shares of the company's stock worth $2,136,000 after buying an additional 8,155 shares during the period. Blue Trust Inc. boosted its holdings in shares of Monster Beverage by 8.4% in the first quarter. Blue Trust Inc. now owns 3,086 shares of the company's stock worth $181,000 after buying an additional 239 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Monster Beverage by 76.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock worth $3,915,000 after acquiring an additional 28,932 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Monster Beverage by 16.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 75,010 shares of the company's stock valued at $4,390,000 after acquiring an additional 10,640 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 1.2%

MNST stock opened at $69.72 on Thursday. The firm has a 50 day moving average of $65.45 and a two-hundred day moving average of $62.54. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.72. The company has a market capitalization of $68.08 billion, a price-to-earnings ratio of 43.30, a P/E/G ratio of 2.40 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly 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 revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. On average, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company set a $73.00 price objective on shares of Monster Beverage and gave the stock an "overweight" rating in a research note on Friday, August 8th. Morgan Stanley upped their price target on Monster Beverage from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Piper Sandler raised Monster Beverage from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. Redburn Atlantic downgraded shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Monster Beverage from $68.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Thirteen 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $66.05.

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.

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