Creative Planning Has $7.88 Million Holdings in Monster Beverage Corporation $MNST

Creative Planning boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 31.3% in the second quarter, HoldingsChannel.com reports. The firm owned 125,784 shares of the company’s stock after buying an additional 29,968 shares during the period. Creative Planning’s holdings in Monster Beverage were worth $7,879,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Access Investment Management LLC bought a new stake in shares of Monster Beverage in the 2nd quarter valued at about $25,000. Salomon & Ludwin LLC bought a new position in shares of Monster Beverage during the second quarter worth about $28,000. Golden State Wealth Management LLC lifted its stake in shares of Monster Beverage by 647.3% in the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock worth $35,000 after acquiring an additional 479 shares during the period. Webster Bank N. A. bought a new stake in Monster Beverage in the second quarter valued at approximately $38,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Monster Beverage during the 1st quarter valued at approximately $43,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $72.30 on Thursday. The business has a 50-day simple moving average of $67.95 and a 200 day simple moving average of $64.15. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $73.07. The firm has a market capitalization of $70.64 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the previous year, the business posted $0.41 EPS. Monster Beverage’s quarterly revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insiders Place Their Bets

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction on 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 transaction, the insider directly owned 21,993 shares of the company’s stock, valued at $1,568,760.69. The trade was a 63.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MNST. Bank of America boosted their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company increased their price target on Monster Beverage from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Evercore ISI lifted their price objective on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.62.

Monster Beverage 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.