Childress Capital Advisors LLC Takes Position in Monster Beverage Corporation $MNST

Childress Capital Advisors LLC acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,685 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new position in Monster Beverage during the 1st quarter worth approximately $29,000. Webster Bank N. A. bought a new stake in Monster Beverage in the 2nd quarter worth $38,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock worth $42,000 after acquiring an additional 196 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Monster Beverage in the 1st quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Monster Beverage by 21.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company’s stock worth $77,000 after acquiring an additional 230 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Price Performance

NASDAQ:MNST opened at $67.43 on Thursday. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $67.84. The company’s 50-day simple moving average is $63.19 and its 200 day simple moving average is $61.42. The firm has a market capitalization of $65.84 billion, a P/E ratio of 41.88, a PEG ratio of 2.34 and a beta of 0.54.

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

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business’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 sale, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MNST has been the topic of several recent analyst reports. Roth Capital reissued a “neutral” rating and issued a $60.00 target price (up from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Stifel Nicolaus assumed coverage on Monster Beverage in a research report on Thursday, June 12th. They issued a “buy” rating and a $72.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Monster Beverage from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Piper Sandler upgraded shares of Monster Beverage from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $54.00 to $74.00 in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Twelve 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 company’s stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $65.19.

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.