Cumberland Partners Ltd Acquires Shares of 12,282 Monster Beverage Corporation $MNST

Cumberland Partners Ltd bought a new position in Monster Beverage Corporation (NASDAQ:MNST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,282 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Monster Beverage in the 1st quarter valued at $497,157,000. AustralianSuper Pty Ltd purchased a new position in shares of Monster Beverage during the second quarter valued at about $157,063,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Monster Beverage by 34.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company’s stock worth $425,921,000 after purchasing an additional 1,872,075 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Monster Beverage by 39,281.2% in the second quarter. Los Angeles Capital Management LLC now owns 1,379,522 shares of the company’s stock worth $86,413,000 after buying an additional 1,376,019 shares in the last quarter. Finally, Amundi boosted its stake in Monster Beverage by 69.8% during the first quarter. Amundi now owns 3,032,591 shares of the company’s stock valued at $180,894,000 after buying an additional 1,246,114 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, insider Guy Carling sold 38,438 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the transaction, the insider owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. This represents a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.30% of the stock is owned by company insiders.

Monster Beverage Stock Down 0.1%

MNST stock opened at $72.22 on Friday. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $73.07. The stock has a market capitalization of $70.56 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The firm’s fifty day simple moving average is $68.12 and its two-hundred day simple moving average is $64.21.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. As a group, equities research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on MNST shares. Roth Capital reaffirmed a “neutral” rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Monster Beverage in a report on Thursday, November 6th. Wells Fargo & Company upped their price target on shares of Monster Beverage from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Citigroup restated a “buy” rating and issued a $79.00 target price (up from $76.00) on shares of Monster Beverage in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.62.

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.