Wedmont Private Capital Purchases Shares of 4,482 Monster Beverage Co. (NASDAQ:MNST)

Wedmont Private Capital purchased a new stake in Monster Beverage Co. (NASDAQ:MNSTGet Rating) during the 2nd quarter, Holdings Channel reports. The fund purchased 4,482 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds also recently modified their holdings of MNST. CVA Family Office LLC lifted its stake in shares of Monster Beverage by 116.6% during the second quarter. CVA Family Office LLC now owns 548 shares of the company’s stock valued at $51,000 after buying an additional 295 shares during the period. 180 Wealth Advisors LLC purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $272,000. State of Alaska Department of Revenue lifted its stake in shares of Monster Beverage by 28.1% during the second quarter. State of Alaska Department of Revenue now owns 77,488 shares of the company’s stock valued at $7,183,000 after buying an additional 17,000 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $218,000. Finally, Amalgamated Bank lifted its stake in shares of Monster Beverage by 3.1% during the first quarter. Amalgamated Bank now owns 108,599 shares of the company’s stock valued at $8,677,000 after buying an additional 3,266 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MNST shares. Royal Bank of Canada cut their price target on shares of Monster Beverage from $100.00 to $98.00 and set an “outperform” rating on the stock in a research note on Friday, August 5th. UBS Group boosted their price target on Monster Beverage from $94.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $109.00 to $107.00 in a research report on Friday, August 5th. BMO Capital Markets boosted their price target on Monster Beverage from $90.00 to $95.00 in a research report on Wednesday, June 15th. Finally, Wells Fargo & Company boosted their price target on Monster Beverage from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.40.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 16,032 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,483,280.64. Following the sale, the chief financial officer now owns 19,433 shares in the company, valued at $1,797,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Monster Beverage news, CFO Thomas J. Kelly sold 16,032 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,483,280.64. Following the sale, the chief financial officer now owns 19,433 shares in the company, valued at $1,797,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Kelly sold 16,996 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $93.92, for a total value of $1,596,264.32. Following the sale, the chief financial officer now owns 25,777 shares in the company, valued at approximately $2,420,975.84. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $87.24 on Monday. Monster Beverage Co. has a one year low of $71.78 and a one year high of $99.81. The business’s 50-day simple moving average is $92.54 and its 200 day simple moving average is $87.96. The stock has a market cap of $45.97 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 3.45 and a beta of 0.95.

Monster Beverage (NASDAQ:MNSTGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.19). Monster Beverage had a return on equity of 18.51% and a net margin of 20.40%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Monster Beverage Co. will post 2.29 EPS for the current year.

About Monster Beverage

(Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

Recommended Stories

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Co. (NASDAQ:MNSTGet Rating).

Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.

Wedmont Private Capital Purchases Shares of 4,482 Monster Beverage Co. (NASDAQ:MNST)

Wedmont Private Capital purchased a new stake in Monster Beverage Co. (NASDAQ:MNSTGet Rating) during the 2nd quarter, Holdings Channel reports. The fund purchased 4,482 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CVA Family Office LLC lifted its holdings in shares of Monster Beverage by 116.6% in the second quarter. CVA Family Office LLC now owns 548 shares of the company’s stock valued at $51,000 after purchasing an additional 295 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $272,000. State of Alaska Department of Revenue lifted its stake in shares of Monster Beverage by 28.1% during the second quarter. State of Alaska Department of Revenue now owns 77,488 shares of the company’s stock valued at $7,183,000 after buying an additional 17,000 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $218,000. Finally, Amalgamated Bank lifted its stake in shares of Monster Beverage by 3.1% during the first quarter. Amalgamated Bank now owns 108,599 shares of the company’s stock valued at $8,677,000 after buying an additional 3,266 shares during the period. Hedge funds and other institutional investors own 65.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MNST shares. Roth Capital started coverage on shares of Monster Beverage in a research note on Tuesday, July 5th. They set a “neutral” rating and a $100.00 price objective on the stock. BMO Capital Markets lifted their price target on shares of Monster Beverage from $90.00 to $95.00 in a report on Wednesday, June 15th. UBS Group upped their price objective on Monster Beverage from $94.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Wells Fargo & Company boosted their price target on Monster Beverage from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Finally, Morgan Stanley boosted their price target on Monster Beverage from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Monday, June 6th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.40.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 16,032 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,483,280.64. Following the sale, the chief financial officer now owns 19,433 shares in the company, valued at $1,797,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Monster Beverage news, CFO Thomas J. Kelly sold 16,032 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $92.52, for a total transaction of $1,483,280.64. Following the sale, the chief financial officer now owns 19,433 shares in the company, valued at $1,797,941.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Kelly sold 16,996 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $93.92, for a total value of $1,596,264.32. Following the sale, the chief financial officer now owns 25,777 shares in the company, valued at approximately $2,420,975.84. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by insiders.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $87.24 on Monday. Monster Beverage Co. has a one year low of $71.78 and a one year high of $99.81. The business’s 50-day simple moving average is $92.54 and its 200 day simple moving average is $87.96. The stock has a market cap of $45.97 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 3.45 and a beta of 0.95.

Monster Beverage (NASDAQ:MNSTGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.19). Monster Beverage had a return on equity of 18.51% and a net margin of 20.40%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the firm posted $0.75 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Monster Beverage Co. will post 2.29 EPS for the current year.

About Monster Beverage

(Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

Recommended Stories

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Co. (NASDAQ:MNSTGet Rating).

Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.