Oxbow Advisors LLC Invests $3.39 Million in Monster Beverage Corporation $MNST

Oxbow Advisors LLC purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the third quarter, HoldingsChannel.com reports. The fund purchased 50,289 shares of the company’s stock, valued at approximately $3,385,000.

A number of other large investors have also recently bought and sold shares of MNST. Baillie Gifford & Co. lifted its holdings in shares of Monster Beverage by 22.7% during the 3rd quarter. Baillie Gifford & Co. now owns 328,793 shares of the company’s stock worth $22,131,000 after acquiring an additional 60,865 shares during the period. Deseret Mutual Benefit Administrators raised its position in Monster Beverage by 8.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,788 shares of the company’s stock valued at $188,000 after purchasing an additional 213 shares in the last quarter. UniSuper Management Pty Ltd lifted its stake in Monster Beverage by 15.0% during the third quarter. UniSuper Management Pty Ltd now owns 68,438 shares of the company’s stock worth $4,607,000 after purchasing an additional 8,928 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Monster Beverage by 21.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 767,370 shares of the company’s stock valued at $51,652,000 after purchasing an additional 136,362 shares in the last quarter. Finally, Kingdom Financial Group LLC. bought a new position in shares of Monster Beverage in the 3rd quarter valued at $207,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the completion of the transaction, the insider owned 21,993 shares in the company, valued at $1,568,760.69. This trade represents a 63.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 274,981 shares of company stock valued at $20,138,516. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Trading Up 1.4%

Monster Beverage stock traded up $1.11 during midday trading on Friday, reaching $82.00. The stock had a trading volume of 4,393,530 shares, compared to its average volume of 4,630,743. The company has a fifty day moving average price of $75.94 and a two-hundred day moving average price of $68.55. The company has a market capitalization of $80.12 billion, a P/E ratio of 46.59, a PEG ratio of 2.12 and a beta of 0.46. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $82.19.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The firm had revenue of $2.20 billion during 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 company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MNST shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $86.00 target price (up previously from $83.00) on shares of Monster Beverage in a research report on Monday, January 5th. Exane BNP Paribas raised shares of Monster Beverage from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. Bank of America upped their price objective on shares of Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Roth Mkm restated a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, Stifel Nicolaus set a $82.00 target price on shares of Monster Beverage and gave the stock a “buy” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $76.62.

About Monster Beverage

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.