Fifth Third Wealth Advisors LLC Has $1.33 Million Position in Monster Beverage Corporation $MNST

Fifth Third Wealth Advisors LLC boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,168 shares of the company’s stock after purchasing an additional 441 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Monster Beverage were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MNST. Farther Finance Advisors LLC increased its holdings in Monster Beverage by 23.1% in the 1st quarter. Farther Finance Advisors LLC now owns 7,400 shares of the company’s stock worth $437,000 after purchasing an additional 1,390 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Monster Beverage by 2.2% during the first quarter. GAMMA Investing LLC now owns 21,433 shares of the company’s stock worth $1,254,000 after acquiring an additional 460 shares during the last quarter. Integrated Advisors Network LLC bought a new position in shares of Monster Beverage during the first quarter worth about $203,000. CX Institutional raised its position in shares of Monster Beverage by 6.4% during the first quarter. CX Institutional now owns 6,885 shares of the company’s stock worth $403,000 after acquiring an additional 416 shares during the last quarter. Finally, Simon Quick Advisors LLC increased its position in Monster Beverage by 159.0% during the 1st quarter. Simon Quick Advisors LLC now owns 10,658 shares of the company’s stock valued at $624,000 after purchasing an additional 6,543 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

Monster Beverage Price Performance

NASDAQ MNST opened at $69.62 on Friday. The business has a 50 day simple moving average of $64.31 and a 200 day simple moving average of $61.98. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.06. The stock has a market capitalization of $67.98 billion, a P/E ratio of 43.24, a P/E/G ratio of 2.42 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its quarterly 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 return on equity of 27.46% and a net margin of 20.54%.The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MNST shares. Piper Sandler raised shares of Monster Beverage from a “neutral” rating to an “overweight” rating and increased their target price for the company from $54.00 to $74.00 in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Royal Bank Of Canada increased their target price on shares of Monster Beverage from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley raised their target price on Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Redburn Atlantic cut Monster Beverage from a “strong-buy” rating to a “hold” rating and decreased their target price for the stock from $63.00 to $60.00 in a research note on Wednesday, July 9th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.