Monster Beverage Corporation $MNST Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 176.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,570 shares of the company’s stock after acquiring an additional 69,920 shares during the quarter. Quantbot Technologies LP’s holdings in Monster Beverage were worth $6,863,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Access Investment Management LLC bought a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new position in Monster Beverage in the second quarter worth approximately $28,000. Golden State Wealth Management LLC increased its holdings in shares of Monster Beverage by 647.3% in the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after buying an additional 479 shares in the last quarter. Webster Bank N. A. bought a new stake in shares of Monster Beverage during the 2nd quarter worth $38,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Monster Beverage by 35.6% in the 2nd quarter. Westside Investment Management Inc. now owns 865 shares of the company’s stock worth $54,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MNST shares. Stifel Nicolaus lifted their price target on Monster Beverage from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Roth Capital reissued a “neutral” rating and set a $60.00 target price (up from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Citigroup reaffirmed a “buy” rating and issued a $79.00 target price (up previously from $76.00) on shares of Monster Beverage in a research report on Thursday, October 9th. Finally, UBS Group upped their price target on Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.19.

Insiders Place Their Bets

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction that occurred 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 completion of the sale, the insider directly owned 21,993 shares in the company, valued at $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.30% of the company’s stock.

Monster Beverage Stock Down 1.6%

Monster Beverage stock opened at $74.71 on Wednesday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $76.28. The stock has a market cap of $72.99 billion, a P/E ratio of 46.40, a P/E/G ratio of 2.31 and a beta of 0.53. The company’s fifty day simple moving average is $69.66 and its 200-day simple moving average is $65.01.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

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.