USA Financial Formulas Invests $2.78 Million in Monster Beverage Corporation $MNST

Key Points

• USA Financial Formulas has invested $2.78 million in Monster Beverage Corporation, acquiring 44,368 shares, which now represent 0.5% of its holdings.
• Various institutional investors, including Ninety One North America Inc., have increased their stakes in Monster Beverage, with total institutional ownership now at 72.36%.
• Analysts' ratings on Monster Beverage vary, with 12 ratings as "Buy" and a consensus target price of $65.19 per share.

USA Financial Formulas purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,368 shares of the company's stock, valued at approximately $2,779,000. Monster Beverage makes up 0.5% of USA Financial Formulas' holdings, making the stock its 27th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Ninety One North America Inc. increased its holdings in shares of Monster Beverage by 43.0% during the second quarter. Ninety One North America Inc. now owns 522,726 shares of the company's stock worth $32,744,000 after buying an additional 157,251 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Monster Beverage by 4.9% during the second quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company's stock worth $560,282,000 after buying an additional 418,918 shares in the last quarter. Childress Capital Advisors LLC acquired a new position in shares of Monster Beverage during the second quarter worth $231,000. Mainsail Financial Group LLC increased its holdings in shares of Monster Beverage by 2.1% during the second quarter. Mainsail Financial Group LLC now owns 24,961 shares of the company's stock worth $1,471,000 after buying an additional 510 shares in the last quarter. Finally, Northwest Wealth Management LLC acquired a new position in shares of Monster Beverage during the second quarter worth $222,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction dated 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 owned 51,191 shares in the company, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MNST shares. Stifel Nicolaus started coverage on shares of Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 price target for the company. Rothschild & Co Redburn cut 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. Redburn Atlantic cut shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from $63.00 to $60.00 in a research note on Wednesday, July 9th. Wall Street Zen cut shares of Monster Beverage from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Bank of America boosted their price objective on shares of Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.19.

Monster Beverage Trading Up 0.2%

Shares of MNST opened at $67.43 on Thursday. The stock has a market capitalization of $65.84 billion, a P/E ratio of 41.88, a price-to-earnings-growth ratio of 2.34 and a beta of 0.54. The firm's fifty day simple moving average is $63.19 and its two-hundred day simple moving average is $61.42. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $67.84.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $0.41 earnings per share. As a group, research analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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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