Monster Beverage Corporation $MNST Shares Bought by Accretive Wealth Partners LLC

Accretive Wealth Partners LLC raised its stake in Monster Beverage Corporation (NASDAQ:MNST) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,170 shares of the company’s stock after acquiring an additional 190 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Monster Beverage were worth $1,263,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC raised its holdings in shares of Monster Beverage by 1.0% in the second quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after acquiring an additional 174 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in Monster Beverage by 4.0% in the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares during the last quarter. Blue Trust Inc. increased its stake in Monster Beverage by 6.7% in the second quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock valued at $206,000 after purchasing an additional 207 shares during the last quarter. Finally, Conning Inc. increased its stake in Monster Beverage by 3.9% in the first quarter. Conning Inc. now owns 5,853 shares of the company’s stock valued at $343,000 after purchasing an additional 219 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MNST shares. Wells Fargo & Company set a $73.00 target price on Monster Beverage and gave the company an “overweight” rating in a research note on Friday, August 8th. Piper Sandler upgraded Monster Beverage from a “neutral” rating to an “overweight” rating and upped their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monster Beverage in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped 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. Finally, UBS Group upped their target price on Monster Beverage from $67.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.05.

Insider Buying and Selling

In related news, Director Mark Vidergauz sold 10,000 shares of the 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 owned 51,191 shares of the company’s stock, 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 SEC, which is accessible through this link. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 0.1%

MNST stock opened at $70.22 on Monday. The stock has a 50-day moving average price of $65.12 and a two-hundred day moving average price of $62.36. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $70.65. The company has a market cap of $68.56 billion, a PE ratio of 43.61, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last posted its quarterly 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 firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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.