waypoint wealth counsel Purchases Shares of 5,007 Monster Beverage Corporation $MNST

Key Points

• Waypoint Wealth Counsel has acquired a new stake in Monster Beverage Corporation, purchasing 5,007 shares valued at approximately $314,000.
• Various institutional investors, including Nuveen LLC and UBS AM, have significantly increased their stakes in Monster Beverage, with 72.36% of the stock owned by institutional investors.
• Monster Beverage reported earnings per share of $0.52 for the last quarter, beating analysts’ estimates, and the company is projected to post 1.62 EPS for the current fiscal year.

waypoint wealth counsel acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,007 shares of the company's stock, valued at approximately $314,000.

Several other institutional investors have also added to or reduced their stakes in MNST. Nuveen LLC bought a new stake in Monster Beverage in the 1st quarter valued at $497,157,000. Montrusco Bolton Investments Inc. lifted its holdings in shares of Monster Beverage by 54.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company's stock valued at $303,728,000 after purchasing an additional 1,897,466 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Monster Beverage by 34.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company's stock valued at $425,921,000 after purchasing an additional 1,872,075 shares in the last quarter. Amundi lifted its stake in Monster Beverage by 69.8% in the 1st quarter. Amundi now owns 3,032,591 shares of the company's stock valued at $180,894,000 after acquiring an additional 1,246,114 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 in the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Trading Up 0.9%

NASDAQ MNST opened at $69.62 on Friday. The firm's fifty day moving average price is $64.31 and its two-hundred day moving average price is $61.98. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.06. The firm has a market capitalization of $67.98 billion, a P/E ratio of 43.24, a price-to-earnings-growth ratio of 2.42 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The company 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%. Monster Beverage's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on MNST shares. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $64.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Roth Capital reissued a "neutral" rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Royal Bank Of Canada boosted their price target on shares of Monster Beverage from $68.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday. Weiss Ratings reissued a "buy (b-)" rating on shares of Monster Beverage in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday. Thirteen 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 has an average rating of "Hold" and an average price target of $66.05.

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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