Triad Wealth Partners LLC Purchases Shares of 4,294 Monster Beverage Corporation $MNST

Key Points

• Triad Wealth Partners LLC acquired a new stake in Monster Beverage Corporation, purchasing 4,294 shares valued at approximately $269,000 in the second quarter.
• Institutional investors currently own 72.36% of Monster Beverage's stock, with several firms including Vanguard Group and Invesco increasing their positions significantly.
• Monster Beverage reported an EPS of $0.52 for the most recent quarter, surpassing analysts' expectations of $0.48, with revenue growing by 11.1% year-over-year.

Triad Wealth Partners LLC purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,294 shares of the company's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Monster Beverage by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company's stock valued at $3,791,313,000 after acquiring an additional 1,151,175 shares during the period. Invesco Ltd. increased its position in Monster Beverage by 6.6% in the 1st quarter. Invesco Ltd. now owns 9,154,347 shares of the company's stock valued at $535,712,000 after acquiring an additional 563,353 shares during the period. Ninety One UK Ltd increased its position in Monster Beverage by 4.9% in the 2nd quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company's stock valued at $560,282,000 after acquiring an additional 418,918 shares during the period. Nuveen LLC acquired a new position in Monster Beverage in the 1st quarter valued at approximately $497,157,000. Finally, Northern Trust Corp increased its position in Monster Beverage by 1.0% in the 1st quarter. Northern Trust Corp now owns 7,431,658 shares of the company's stock valued at $434,901,000 after acquiring an additional 73,737 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction 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 transaction, the director directly owned 51,191 shares of the company's stock, valued at $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MNST has been the subject of several recent research reports. Stifel Nicolaus started coverage on shares of Monster Beverage in a research report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price target for the company. UBS Group upped their price objective on shares of Monster Beverage from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Morgan Stanley upped their price objective on shares of Monster Beverage from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Rothschild & Co Redburn lowered 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 note on Wednesday, July 9th. Finally, Redburn Atlantic lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $65.19.

Monster Beverage Stock Down 0.6%

Shares of NASDAQ MNST opened at $67.17 on Friday. The firm has a market cap of $65.59 billion, a PE ratio of 41.72, a P/E/G ratio of 2.35 and a beta of 0.54. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $67.89. The company's fifty day simple moving average is $63.47 and its 200 day simple moving average is $61.57.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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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