Teamwork Financial Advisors LLC Invests $2.22 Million in Monster Beverage Corporation $MNST

Key Points

• Teamwork Financial Advisors LLC invested approximately $2.22 million in Monster Beverage Corporation, acquiring over 35,000 shares during the second quarter.
• Wall Street analysts have set a consensus price target for Monster Beverage at $65.10, with twelve ratings classified as "Buy" and several firms increasing their price targets recently.
• Monster Beverage reported earnings of $0.52 per share for the last quarter, beating the estimated $0.48, with revenue up 11.1% year-over-year to $2.11 billion.

Teamwork Financial Advisors LLC acquired a new position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,418 shares of the company's stock, valued at approximately $2,219,000.

Several other large investors have also added to or reduced their stakes in the business. Wayfinding Financial LLC acquired a new stake in Monster Beverage in the 1st quarter valued at $29,000. Park Square Financial Group LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of 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 acquiring an additional 196 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Monster Beverage in the first quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC raised its holdings 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 acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank Of Canada set a $68.00 price target on Monster Beverage and gave the company an "outperform" rating in a research note on Friday, August 8th. UBS Group upped their price objective on Monster Beverage from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Piper Sandler raised shares of Monster Beverage from a "neutral" rating to an "overweight" rating and raised their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Bank of America increased their price target on shares of Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $65.10.

Monster Beverage Trading Up 1.4%

MNST opened at $64.69 on Friday. The stock's fifty day simple moving average is $61.69 and its 200 day simple moving average is $60.50. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $66.75. The stock has a market cap of $63.17 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm 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%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Equities analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm's 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.30% of the stock is owned by company insiders.

Monster Beverage Company 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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