Premier Path Wealth Partners LLC Grows Position in Monster Beverage Corporation $MNST

Premier Path Wealth Partners LLC boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 15.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,085 shares of the company’s stock after acquiring an additional 699 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Monster Beverage were worth $319,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Twin Capital Management Inc. lifted its position in shares of Monster Beverage by 11.6% during the 1st quarter. Twin Capital Management Inc. now owns 5,213 shares of the company’s stock worth $305,000 after purchasing an additional 540 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new position in shares of Monster Beverage in the 2nd quarter valued at $365,000. Nisa Investment Advisors LLC grew its holdings in shares of Monster Beverage by 2.4% during the first quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company’s stock worth $18,475,000 after purchasing an additional 7,465 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Monster Beverage by 0.9% during the first quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company’s stock worth $75,455,000 after purchasing an additional 11,443 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in shares of Monster Beverage by 51.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,036 shares of the company’s stock valued at $1,407,000 after purchasing an additional 8,209 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares of the company’s stock, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MNST shares. Redburn Atlantic lowered Monster Beverage from a “strong-buy” rating to a “hold” rating and cut their price target for the stock from $63.00 to $60.00 in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on Monster Beverage from $68.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Stifel Nicolaus lifted their price objective on shares of Monster Beverage from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Rothschild & Co Redburn downgraded shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research report on Wednesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monster Beverage from $71.00 to $75.00 and gave the company a “buy” rating in a report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.10.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $66.83 on Friday. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72. The firm has a market capitalization of $65.25 billion, a P/E ratio of 41.51, a PEG ratio of 2.31 and a beta of 0.54. The company’s fifty day moving average is $66.05 and its two-hundred day moving average is $63.12.

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

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.