Monster Beverage Corporation $MNST Stock Holdings Raised by Osaic Holdings Inc.

Osaic Holdings Inc. grew its stake in Monster Beverage Corporation (NASDAQ:MNST) by 28.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 195,874 shares of the company’s stock after purchasing an additional 43,552 shares during the quarter. Osaic Holdings Inc.’s holdings in Monster Beverage were worth $12,189,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Access Investment Management LLC acquired a new stake in Monster Beverage during the second quarter valued at approximately $25,000. Salomon & Ludwin LLC acquired a new position in shares of Monster Beverage in the 2nd quarter worth approximately $28,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Monster Beverage by 647.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after acquiring an additional 479 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in Monster Beverage during the second quarter worth $38,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on MNST. Jefferies Financial Group reiterated a “buy” rating and set a $79.00 target price on shares of Monster Beverage in a research note on Tuesday, November 4th. UBS Group lifted their price target on shares of Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Evercore ISI boosted their price objective on shares of Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Monster Beverage in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the transaction, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. The trade was a 31.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Guy Carling sold 38,438 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the sale, the insider directly owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. This represents a 63.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 274,981 shares of company stock valued at $20,138,516 in the last three months. 8.30% of the stock is currently owned by corporate insiders.

Monster Beverage Price Performance

Shares of MNST opened at $76.26 on Friday. The firm’s 50 day moving average is $71.48 and its 200-day moving average is $65.96. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $77.17. The stock has a market capitalization of $74.51 billion, a P/E ratio of 43.33, a P/E/G ratio of 2.26 and a beta of 0.48.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, equities research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.