Trexquant Investment LP Takes $3.10 Million Position in Monster Beverage Corporation $MNST

Key Points

• Trexquant Investment LP acquired a new stake in Monster Beverage Corporation, purchasing 53,021 shares valued at approximately $3.10 million during the first quarter.
• Monster Beverage's shares have a market cap of $61.19 billion and recently reported quarterly earnings of $0.52 per share, beating analysts' expectations.
• Wall Street analysts are generally positive about Monster Beverage, with 12 issuing a "Buy" rating and a revised average target price of $65.10.

Trexquant Investment LP bought 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 13F filing with the Securities and Exchange Commission. The fund bought 53,021 shares of the company's stock, valued at approximately $3,103,000.

Other hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Monster Beverage during the 1st quarter valued at $29,000. Park Square Financial Group LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 37.1% during 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 in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Monster Beverage during the 1st quarter valued at $43,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in Monster Beverage by 21.2% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock valued at $77,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen increased their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, May 9th. 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 research report on Wednesday, July 9th. Wall Street Zen raised shares of Monster Beverage from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Bank of America increased their price objective on shares of Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $56.00 to $65.00 in a research report on Monday, May 12th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and an average target price of $65.10.

Monster Beverage Stock Up 0.4%

Shares of NASDAQ MNST opened at $62.67 on Wednesday. The firm's 50-day moving average price is $61.55 and its 200-day moving average price is $59.85. The company has a market cap of $61.19 billion, a PE ratio of 38.93, a PEG ratio of 2.04 and a beta of 0.54. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. As a group, equities research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company's stock.

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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