S Bank Fund Management Ltd Grows Position in Monster Beverage Corporation $MNST

S Bank Fund Management Ltd boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 12.4% during the second quarter, Holdings Channel.com reports. The firm owned 9,925 shares of the company’s stock after acquiring an additional 1,093 shares during the period. S Bank Fund Management Ltd’s holdings in Monster Beverage were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Ashton Thomas Securities LLC boosted its holdings in shares of Monster Beverage by 1.0% in the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock valued at $1,064,000 after buying an additional 174 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 37.1% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock worth $42,000 after buying an additional 196 shares during the last quarter. Blue Trust Inc. raised its position in Monster Beverage by 6.7% during the 2nd quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock worth $206,000 after buying an additional 207 shares during the last quarter. Finally, Conning Inc. increased its holdings in shares of Monster Beverage by 3.9% during the 1st quarter. Conning Inc. now owns 5,853 shares of the company’s stock valued at $343,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other 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 on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares of the company’s stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Monster Beverage stock opened at $70.16 on Friday. The company’s fifty day moving average price is $65.01 and its 200 day moving average price is $62.24. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.51. The stock has a market capitalization of $68.51 billion, a P/E ratio of 43.58, a P/E/G ratio of 2.39 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its 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. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. 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 previous year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MNST. Piper Sandler raised shares of Monster Beverage from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $54.00 to $74.00 in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Citigroup reaffirmed a “buy” rating and set a $79.00 target price (up from $76.00) on shares of Monster Beverage in a report on Thursday, October 9th. Rothschild & Co Redburn lowered shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a report on Wednesday, July 9th. Finally, Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and an average price target of $66.05.

About Monster Beverage

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.