3,775 Shares in Monster Beverage Corporation $MNST Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,775 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC boosted its position in shares of Monster Beverage by 1.0% during the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after purchasing an additional 174 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Monster Beverage by 4.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after purchasing an additional 189 shares during the period. Accretive Wealth Partners LLC boosted its position in shares of Monster Beverage by 1.0% during the 2nd quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after purchasing an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of 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 purchasing an additional 196 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In related 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 directly owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Trading Up 0.0%

Shares of MNST opened at $66.57 on Friday. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $70.72. The firm’s fifty day simple moving average is $65.97 and its 200-day simple moving average is $63.06. The firm has a market capitalization of $65.00 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 2.31 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the business earned $0.41 EPS. The company’s revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MNST. Wells Fargo & Company set a $73.00 target price on shares of Monster Beverage and gave the stock an “overweight” rating in a report on Friday, August 8th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $68.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Redburn Atlantic lowered shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and reduced their target price for the stock from $63.00 to $60.00 in a report on Wednesday, July 9th. Citigroup reiterated 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. 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 analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and a consensus price target of $67.10.

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.