Monster Beverage Corp. (MNST) Position Increased by Emerald Mutual Fund Advisers Trust
Emerald Mutual Fund Advisers Trust raised its stake in Monster Beverage Corp. (NASDAQ:MNST) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 1,552 shares of the company’s stock after buying an additional 37 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Monster Beverage Corp. were worth $249,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. purchased a new position in Monster Beverage Corp. during the first quarter worth approximately $121,000. Meeder Asset Management Inc. raised its position in Monster Beverage Corp. by 1,798.1% in the first quarter. Meeder Asset Management Inc. now owns 987 shares of the company’s stock worth $132,000 after buying an additional 935 shares during the period. Genesee Valley Trust Co. bought a new position in Monster Beverage Corp. during the second quarter worth $204,000. First National Trust Co. bought a new position in Monster Beverage Corp. during the second quarter worth $252,000. Finally, First Quadrant L P CA raised its position in Monster Beverage Corp. by 25.0% in the second quarter. First Quadrant L P CA now owns 2,000 shares of the company’s stock worth $321,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 67.42% of the company’s stock.
Shares of Monster Beverage Corp. (NASDAQ:MNST) traded down 2.07% during trading on Tuesday, hitting $143.19. The stock had a trading volume of 680,001 shares. The firm has a market cap of $27.26 billion, a P/E ratio of 44.69 and a beta of 0.74. The firm has a 50 day moving average price of $149.77 and a 200 day moving average price of $149.55. Monster Beverage Corp. has a 12-month low of $113.08 and a 12-month high of $166.50.
Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.03 by $0.04. Monster Beverage Corp. had a net margin of 22.73% and a return on equity of 15.46%. The business had revenue of $945.80 million for the quarter, compared to analysts’ expectations of $804.24 million. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts expect that Monster Beverage Corp. will post $3.90 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on MNST shares. Credit Agricole SA reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research report on Monday, August 22nd. Susquehanna reaffirmed a “hold” rating on shares of Monster Beverage Corp. in a research report on Wednesday, September 7th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Monster Beverage Corp. in a research report on Monday, June 27th. Vetr raised Monster Beverage Corp. from a “sell” rating to a “hold” rating and set a $147.71 price objective for the company in a research report on Wednesday, September 7th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $172.00 price objective (down previously from $173.00) on shares of Monster Beverage Corp. in a research report on Wednesday, June 29th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Monster Beverage Corp. currently has a consensus rating of “Buy” and a consensus target price of $166.37.
In related news, VP Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $159.66, for a total value of $1,596,600.00. Following the transaction, the vice president now directly owns 5,717 shares of the company’s stock, valued at approximately $912,776.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.20% of the company’s stock.
About Monster Beverage Corp.
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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