Arkadios Wealth Advisors Boosts Stock Position in Monster Beverage Corporation $MNST

Arkadios Wealth Advisors increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,201 shares of the company’s stock after buying an additional 3,722 shares during the period. Arkadios Wealth Advisors’ holdings in Monster Beverage were worth $4,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Capital Management Inc. grew its stake in shares of Monster Beverage by 11.6% in the 1st quarter. Twin Capital Management Inc. now owns 5,213 shares of the company’s stock worth $305,000 after buying an additional 540 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in Monster Beverage during the 2nd quarter valued at $365,000. Nisa Investment Advisors LLC boosted its stake in Monster Beverage by 2.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company’s stock valued at $18,475,000 after purchasing an additional 7,465 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Monster Beverage by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company’s stock valued at $75,455,000 after purchasing an additional 11,443 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Monster Beverage by 51.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,036 shares of the company’s stock valued at $1,407,000 after purchasing an additional 8,209 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the firm’s 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 8.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Monster Beverage from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Piper Sandler upgraded Monster Beverage from a “neutral” rating to an “overweight” rating and increased their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. Rothschild & Co Redburn downgraded Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Wednesday, July 9th. Wells Fargo & Company set a $73.00 target price on Monster Beverage and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Redburn Atlantic downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.43.

Monster Beverage Price Performance

MNST stock opened at $66.56 on Thursday. The company has a market cap of $64.99 billion, a P/E ratio of 41.34, a price-to-earnings-growth ratio of 2.41 and a beta of 0.54. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.72. The stock’s fifty day moving average price is $65.93 and its 200-day moving average price is $63.04.

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

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.