Monster Beverage Corporation $MNST Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 36.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 132,122 shares of the company’s stock after buying an additional 35,593 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Monster Beverage were worth $8,276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Twin Capital Management Inc. boosted its stake in Monster Beverage by 11.6% during the 1st quarter. Twin Capital Management Inc. now owns 5,213 shares of the company’s stock worth $305,000 after purchasing an additional 540 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Monster Beverage by 2.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company’s stock worth $18,475,000 after purchasing an additional 7,465 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Monster Beverage by 76.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company’s stock worth $3,915,000 after purchasing an additional 28,932 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new stake in Monster Beverage during the 2nd quarter worth $365,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Monster Beverage by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company’s stock worth $75,455,000 after acquiring an additional 11,443 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of several analyst reports. Morgan Stanley lifted their price target on Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Citigroup reiterated a “buy” rating and set a $79.00 price target (up previously from $76.00) on shares of Monster Beverage in a report on Thursday. Rothschild & Co Redburn lowered Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on Monster Beverage from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.05.

Monster Beverage Trading Up 0.9%

Shares of MNST opened at $69.62 on Monday. The firm has a market cap 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 Corporation has a 12-month low of $45.70 and a 12-month high of $70.06. The company’s 50-day moving average price is $64.31 and its 200 day moving average price is $62.01.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm 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 previous year, the firm earned $0.41 EPS. Equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.30% of the company’s stock.

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.