Hantz Financial Services Inc. Makes New $2.70 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

Hantz Financial Services Inc. acquired a new stake in Monster Beverage Co. (NASDAQ:MNST) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,046 shares of the company’s stock, valued at approximately $2,700,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. LRI Investments LLC purchased a new stake in Monster Beverage in the 1st quarter worth approximately $26,000. Stephens Consulting LLC purchased a new position in shares of Monster Beverage during the 2nd quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth $27,000. Tortoise Investment Management LLC grew its position in shares of Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the period. Finally, Kings Path Partners LLC acquired a new position in Monster Beverage in the second quarter valued at $30,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock opened at $47.13 on Friday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. The company has a market capitalization of $49.10 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. The firm’s fifty day moving average price is $49.14 and its 200 day moving average price is $52.98.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. Analysts forecast that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial decreased their price target on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets dropped their price target on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Wells Fargo & Company decreased their price target on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada dropped their price objective on Monster Beverage from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $55.85.

Insiders Place Their Bets

In other news, Director Mark J. Hall sold 250,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the transaction, the director now directly owns 532,754 shares in the company, valued at approximately $27,820,413.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark J. Hall sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $52.22, for a total value of $13,055,000.00. Following the sale, the director now owns 532,754 shares in the company, valued at approximately $27,820,413.88. The disclosure for this sale can be found here. Insiders have sold 307,221 shares of company stock worth $16,070,374 in the last three months. 7.80% of the stock is owned by insiders.

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.