Jackson Thornton Wealth Management LLC Takes $232,000 Position in Monster Beverage Corporation $MNST

Jackson Thornton Wealth Management LLC purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,766 shares of the company’s stock, valued at approximately $232,000.

Other hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in shares of Monster Beverage during the second quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new stake in shares of Monster Beverage during the first quarter valued at approximately $29,000. Webster Bank N. A. bought a new stake in shares of Monster Beverage during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 37.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after buying an additional 196 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Monster Beverage during the first quarter valued at approximately $43,000. Institutional investors 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 Monster Beverage stock in a transaction that occurred on Wednesday, August 13th. The shares were 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. The trade was a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $69.76 on Tuesday. The firm has a market cap of $68.12 billion, a price-to-earnings ratio of 43.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.72. The firm’s 50 day moving average price is $65.24 and its two-hundred day moving average price is $62.45.

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, topping 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%. 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 posted $0.41 earnings per share. As a group, equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MNST. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a report on Wednesday, October 8th. UBS Group boosted their target price on Monster Beverage from $67.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Wells Fargo & Company set a $73.00 target price on Monster Beverage and gave the stock an “overweight” rating in a report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $64.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Citigroup reissued a “buy” rating and set a $79.00 target price (up previously from $76.00) on shares of Monster Beverage in a report on Thursday, October 9th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $66.05.

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.