Praxis Investment Management Inc. Makes New $234,000 Investment in Monster Beverage Corporation $MNST

Key Points

• Praxis Investment Management Inc. has made a new investment in Monster Beverage Corporation, acquiring 3,740 shares valued at approximately $234,000.
• Monster Beverage reported $0.52 earnings per share for the last quarter, exceeding the consensus estimate by $0.04, with revenues up 11.1% year-over-year.
• Majority of analysts have a mixed outlook on Monster Beverage, with a current average rating of "Hold" and an average target price of around $66.05 for the stock.

Praxis Investment Management Inc. bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,740 shares of the company's stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of MNST. GAMMA Investing LLC grew its position in Monster Beverage by 2.2% during the 1st quarter. GAMMA Investing LLC now owns 21,433 shares of the company's stock worth $1,254,000 after purchasing an additional 460 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Monster Beverage by 28.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,501 shares of the company's stock worth $2,136,000 after purchasing an additional 8,155 shares during the last quarter. Blue Trust Inc. grew its position in Monster Beverage by 8.4% during the 1st quarter. Blue Trust Inc. now owns 3,086 shares of the company's stock worth $181,000 after purchasing an additional 239 shares during the last quarter. Advisor Resource Council purchased a new stake in Monster Beverage during the 1st quarter worth approximately $460,000. Finally, Heartland Bank & Trust Co grew its position in Monster Beverage by 18.7% during the 1st quarter. Heartland Bank & Trust Co now owns 10,296 shares of the company's stock worth $603,000 after purchasing an additional 1,625 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

MNST opened at $70.22 on Monday. The firm has a fifty day moving average price of $65.12 and a 200 day moving average price of $62.36. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.65. The stock has a market cap of $68.56 billion, a P/E ratio of 43.61, a P/E/G ratio of 2.44 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the previous year, the business posted $0.41 EPS. The business's revenue was up 11.1% compared to the same quarter last year. Equities analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

MNST has been the topic of several recent research reports. Redburn Atlantic downgraded shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and dropped their price objective for the company from $63.00 to $60.00 in a report on Wednesday, July 9th. Roth Capital reaffirmed a "neutral" rating and issued a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of Monster Beverage from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Rothschild & Co Redburn downgraded shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Monster Beverage in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $66.05.

Insider Activity

In related 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 value of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares in the company, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.80% of the stock is currently owned by corporate insiders.

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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