Scientech Research LLC Buys Shares of 16,730 Monster Beverage Corporation $MNST

Scientech Research LLC acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,730 shares of the company's stock, valued at approximately $979,000.

Other large investors have also made changes to their positions in the company. Pinnacle Associates Ltd. lifted its position in Monster Beverage by 4.0% during the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company's stock worth $286,000 after buying an additional 189 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in Monster Beverage by 37.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after buying an additional 196 shares during the period. Conning Inc. lifted its position in Monster Beverage by 3.9% during the first quarter. Conning Inc. now owns 5,853 shares of the company's stock worth $343,000 after buying an additional 219 shares during the period. Eastern Bank lifted its position in Monster Beverage by 3.0% during the first quarter. Eastern Bank now owns 7,527 shares of the company's stock worth $440,000 after buying an additional 221 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Monster Beverage by 21.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock worth $77,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 72.36% of the company's stock.

Insider Transactions at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the business's stock in a transaction on 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 approximately $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company's stock.

Monster Beverage Trading Down 0.8%

NASDAQ MNST traded down $0.52 during mid-day trading on Wednesday, reaching $62.83. 4,829,972 shares of the company's stock traded hands, compared to its average volume of 4,455,368. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $66.75. The company has a fifty day simple moving average of $61.62 and a 200-day simple moving average of $60.28. The company has a market cap of $61.35 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.20 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 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The business's revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. Equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the topic of a number of research reports. Citigroup raised their price objective on Monster Beverage from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Royal Bank Of Canada set a $68.00 target price on Monster Beverage and gave the company an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company set a $73.00 target price on Monster Beverage and gave the company an "overweight" rating in a report on Friday, August 8th. Rothschild & Co Redburn downgraded Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 target price on the stock. in a report on Wednesday, July 9th. Finally, Wall Street Zen downgraded Monster Beverage from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Monster Beverage has an average rating of "Hold" and an average price target of $65.10.

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.