Simon Quick Advisors LLC Buys 4,716 Shares of Monster Beverage Corporation $MNST

Simon Quick Advisors LLC boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 44.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,374 shares of the company’s stock after acquiring an additional 4,716 shares during the period. Simon Quick Advisors LLC’s holdings in Monster Beverage were worth $963,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MNST. Nuveen LLC bought a new stake in Monster Beverage in the first quarter valued at $497,157,000. AustralianSuper Pty Ltd bought a new stake in Monster Beverage in the second quarter valued at $157,063,000. Montrusco Bolton Investments Inc. boosted its holdings in Monster Beverage by 54.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company’s stock valued at $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 boosted its holdings in Monster Beverage by 34.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company’s stock valued at $425,921,000 after acquiring an additional 1,872,075 shares in the last quarter. Finally, Amundi boosted its holdings in Monster Beverage by 69.8% in the first quarter. Amundi now owns 3,032,591 shares of the company’s stock valued at $180,894,000 after acquiring an additional 1,246,114 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the transaction, the director owned 51,191 shares in the company, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by insiders.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $66.83 on Friday. The stock has a market cap of $65.25 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 2.31 and a beta of 0.54. The firm’s 50-day moving average is $66.05 and its 200 day moving average is $63.12. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.72.

Monster Beverage (NASDAQ:MNST) last announced 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 company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on MNST shares. Bank of America raised their price objective on Monster Beverage from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. UBS Group reissued a “neutral” rating on shares of Monster Beverage in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler raised Monster Beverage from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $54.00 to $74.00 in a research report on Thursday, August 7th. Finally, Wells Fargo & Company set a $73.00 price objective on Monster Beverage and gave the company an “overweight” rating in a research report on Friday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $67.10.

About Monster Beverage

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.