S Bank Fund Management Ltd Takes $517,000 Position in Monster Beverage Corporation $MNST

Key Points

• S Bank Fund Management Ltd has acquired 8,832 shares of Monster Beverage Corporation, valued at approximately $517,000, marking a new investment in the company.
• Monster Beverage's Q2 earnings exceeded analysts' expectations with a reported earnings per share of $0.52 and revenue of $2.11 billion, an 11.1% increase year-over-year.
• Institutional investors currently own 72.36% of Monster Beverage's stock, indicating strong support from large financial entities.

S Bank Fund Management Ltd purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,832 shares of the company's stock, valued at approximately $517,000.

Other large investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Monster Beverage in the 1st quarter valued at $29,000. Coppell Advisory Solutions LLC boosted its position in Monster Beverage by 259.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock valued at $36,000 after buying an additional 495 shares during the last quarter. Park Square Financial Group LLC bought a new position in Monster Beverage in the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock valued at $42,000 after buying an additional 196 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Monster Beverage in the 1st quarter valued at $43,000. 72.36% of the stock is currently owned by institutional investors.

Insider Activity

In other Monster Beverage 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 sale, the director owned 51,191 shares of the company's stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the sale, the chief financial officer directly owned 69,273 shares in the company, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group increased their price objective on Monster Beverage from $64.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. The Goldman Sachs Group increased their price objective on Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, June 13th. TD Cowen increased their price objective on Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, May 9th. Roth Capital reiterated a "neutral" rating and issued a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company set a $73.00 price target on Monster Beverage and gave the company an "overweight" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.10.

Monster Beverage Stock Down 0.8%

Monster Beverage stock traded down $0.52 during mid-day trading on Monday, hitting $64.12. 4,467,027 shares of the company's stock were exchanged, compared to its average volume of 6,192,726. The firm has a market capitalization of $62.61 billion, a P/E ratio of 39.83, a PEG ratio of 2.11 and a beta of 0.55. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $66.75. The company's 50 day simple moving average is $61.61 and its 200-day simple moving average is $58.65.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $0.41 EPS. The company's revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

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.