WINTON GROUP Ltd Grows Stock Holdings in Monster Beverage Corporation $MNST

Key Points

• WINTON GROUP Ltd boosted its stake in Monster Beverage by 189.8% in Q3, buying 107,128 shares to own 163,556 shares valued at about $11.0 million.
• Monster beat quarterly estimates on Feb 26 with EPS of $0.51 (vs. $0.49) and revenue of $2.10 billion (vs. $2.04 billion), with revenue up 17.6% year-over-year and a net margin of 22.97%.
• Significant insider selling occurred (including 206,543 shares by director Rodney Sacks), while analysts are mixed but the consensus is a Moderate Buy with a $84.14 target price.

WINTON GROUP Ltd increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 189.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,556 shares of the company's stock after purchasing an additional 107,128 shares during the period. WINTON GROUP Ltd's holdings in Monster Beverage were worth $11,009,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MNST. Armstrong Advisory Group Inc. raised its stake in Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company's stock valued at $30,000 after buying an additional 146 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Monster Beverage by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 3,930 shares of the company's stock worth $265,000 after acquiring an additional 155 shares in the last quarter. Premier Path Wealth Partners LLC increased its holdings in shares of Monster Beverage by 3.2% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company's stock valued at $353,000 after acquiring an additional 161 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Monster Beverage by 13.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company's stock valued at $93,000 after acquiring an additional 176 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its position in shares of Monster Beverage by 1.9% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 10,489 shares of the company's stock worth $706,000 after acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Down 1.4%

MNST opened at $75.61 on Monday. The firm has a market cap of $73.87 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44. Monster Beverage Corporation has a 52 week low of $54.00 and a 52 week high of $87.38. The business's 50 day moving average is $80.19 and its two-hundred day moving average is $73.02.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. Equities analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the firm's stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the transaction, the insider directly owned 63,939 shares of the company's stock, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MNST shares. Zacks Research downgraded Monster Beverage from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Wall Street Zen cut shares of Monster Beverage from a "buy" rating to a "hold" rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monster Beverage from $88.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Argus upped their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. Finally, TD Cowen lifted their price target on shares of Monster Beverage from $80.00 to $88.00 and gave the stock a "hold" rating in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $84.14.

Monster Beverage Company Profile

Monster Beverage Corporation NASDAQ: MNST is an American beverage company best known for its Monster Energy brand of energy drinks. The company's product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen's Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.