Clarius Group LLC Has $245,000 Position in Monster Beverage Corporation $MNST

Clarius Group LLC lowered its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,904 shares of the company’s stock after selling 411 shares during the quarter. Clarius Group LLC’s holdings in Monster Beverage were worth $245,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC grew its position in Monster Beverage by 1.0% during the second quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after buying an additional 174 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 37.1% in the 1st 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 in the last quarter. Conning Inc. boosted its holdings in shares of Monster Beverage by 3.9% in the 1st quarter. Conning Inc. now owns 5,853 shares of the company’s stock valued at $343,000 after purchasing an additional 219 shares in the last quarter. Finally, Eastern Bank boosted its holdings in shares of Monster Beverage by 3.0% in the 1st quarter. Eastern Bank now owns 7,527 shares of the company’s stock valued at $440,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MNST. Bank of America raised their target price on Monster Beverage from $66.00 to $72.00 and gave the company a “buy” rating in a report on Friday, August 8th. Redburn Atlantic downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from $63.00 to $60.00 in a report on Wednesday, July 9th. Morgan Stanley raised their target price on Monster Beverage from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monster Beverage in a report on Saturday, September 27th. Finally, The Goldman Sachs Group raised their target price on Monster Beverage from $67.00 to $72.00 and gave the company a “buy” rating in a report on Friday, June 13th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.19.

Monster Beverage Stock Performance

Shares of MNST opened at $68.15 on Wednesday. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $68.28. The stock has a market capitalization of $66.54 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 2.33 and a beta of 0.54. The stock has a fifty day moving average of $63.74 and a 200-day moving average of $61.75.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the company earned $0.41 EPS. Monster Beverage’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction 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. This trade represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Profile

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.