Phoenix Financial Ltd. Makes New Investment in Monster Beverage Corporation $MNST

Phoenix Financial Ltd. acquired a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,653 shares of the company’s stock, valued at approximately $229,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Monster Beverage by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after purchasing an additional 1,151,175 shares during the last quarter. Invesco Ltd. increased its position in Monster Beverage by 6.6% during the first quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after acquiring an additional 563,353 shares during the last quarter. Ninety One UK Ltd increased its position in Monster Beverage by 4.9% during the second quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company’s stock valued at $560,282,000 after acquiring an additional 418,918 shares during the last quarter. Nuveen LLC bought a new position in Monster Beverage during the first quarter valued at $497,157,000. Finally, Northern Trust Corp increased its position in Monster Beverage by 1.0% during the first quarter. Northern Trust Corp now owns 7,431,658 shares of the company’s stock valued at $434,901,000 after acquiring an additional 73,737 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of MNST stock opened at $69.89 on Friday. The company has a market capitalization of $68.24 billion, a P/E ratio of 43.41, a P/E/G ratio of 2.42 and a beta of 0.54. The company’s 50-day simple moving average is $65.57 and its two-hundred day simple moving average is $62.63. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Monster Beverage’s revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the 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 transaction, the director owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company set a $73.00 price target on shares of Monster Beverage and gave the company an “overweight” rating in a report on Friday, August 8th. UBS Group upped their target price on Monster Beverage from $67.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and set a $79.00 target price (up previously from $76.00) on shares of Monster Beverage in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Monster Beverage in a research note on Wednesday, October 8th. Finally, Rothschild & Co Redburn downgraded Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research report on Wednesday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.05.

Monster Beverage Company 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.