Monster Beverage Corporation $MNST Position Boosted by Osaic Holdings Inc.

Osaic Holdings Inc. grew its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 28.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,874 shares of the company’s stock after purchasing an additional 43,552 shares during the period. Osaic Holdings Inc.’s holdings in Monster Beverage were worth $12,189,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Monster Beverage by 0.9% during the second quarter. Vanguard Group Inc. now owns 65,360,899 shares of the company’s stock valued at $4,094,207,000 after purchasing an additional 574,275 shares in the last quarter. State Street Corp lifted its position in Monster Beverage by 2.6% in the 2nd quarter. State Street Corp now owns 34,929,818 shares of the company’s stock worth $2,188,004,000 after buying an additional 900,479 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Monster Beverage by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock valued at $1,656,847,000 after buying an additional 385,692 shares during the period. Geode Capital Management LLC grew its holdings in shares of Monster Beverage by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock valued at $1,165,292,000 after acquiring an additional 742,518 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Monster Beverage by 20.0% during the 2nd quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock valued at $688,001,000 after acquiring an additional 1,829,064 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

MNST opened at $76.26 on Friday. The company has a market cap of $74.51 billion, a PE ratio of 43.33, a price-to-earnings-growth ratio of 2.26 and a beta of 0.48. The stock has a 50-day moving average of $71.48 and a 200-day moving average of $65.96. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $77.17.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. On average, research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

MNST has been the subject of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $83.00 price objective (up from $75.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. The Goldman Sachs Group upped their target price on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. UBS Group lifted their price target on Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Stifel Nicolaus set a $82.00 price target on Monster Beverage and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $81.00 price objective (up previously from $75.00) on shares of Monster Beverage in a report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $73.67.

Insider Activity

In related news, insider Guy Carling sold 38,438 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the transaction, the insider directly owned 21,993 shares in the company, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 274,981 shares of company stock valued at $20,138,516 over the last 90 days. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.