Leavell Investment Management Inc. Invests $202,000 in Monster Beverage Corporation $MNST

Leavell Investment Management Inc. bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,218 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in Monster Beverage during the 1st quarter worth approximately $497,157,000. Montrusco Bolton Investments Inc. lifted its position in Monster Beverage by 54.7% during the 1st quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company’s stock worth $303,728,000 after acquiring an additional 1,897,466 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Monster Beverage by 34.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company’s stock worth $425,921,000 after acquiring an additional 1,872,075 shares in the last quarter. Amundi lifted its position in Monster Beverage by 69.8% during the 1st quarter. Amundi now owns 3,032,591 shares of the company’s stock worth $180,894,000 after acquiring an additional 1,246,114 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Monster Beverage by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock worth $3,791,313,000 after acquiring an additional 1,151,175 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage 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 value of $637,300.00. Following the sale, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

Shares of MNST opened at $69.68 on Tuesday. The business’s fifty day moving average price is $65.78 and its 200 day moving average price is $62.90. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $70.72. The stock has a market capitalization of $68.04 billion, a PE ratio of 43.28, a price-to-earnings-growth ratio of 2.42 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 (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 firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on MNST shares. Rothschild & Co Redburn lowered Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Piper Sandler raised Monster Beverage from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $54.00 to $74.00 in a research report on Thursday, August 7th. 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 report on Wednesday, October 8th. Finally, Bank of America upped their target price on Monster Beverage from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.43.

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.