WINTON GROUP Ltd Makes New Investment in Monster Beverage Corporation $MNST

WINTON GROUP Ltd bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,428 shares of the company’s stock, valued at approximately $3,535,000.

A number of other hedge funds also recently modified their holdings of the business. waypoint wealth counsel acquired a new stake in Monster Beverage during the 2nd quarter worth about $314,000. Prudential PLC lifted its position in shares of Monster Beverage by 76.4% in the second quarter. Prudential PLC now owns 108,930 shares of the company’s stock worth $6,823,000 after purchasing an additional 47,165 shares in the last quarter. VestGen Advisors LLC lifted its position in shares of Monster Beverage by 449.4% in the second quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock worth $1,376,000 after purchasing an additional 17,974 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Monster Beverage by 7.4% during the second quarter. Swiss National Bank now owns 2,209,500 shares of the company’s stock worth $138,403,000 after purchasing an additional 152,300 shares during the period. Finally, OMNI 360 Wealth Inc. acquired a new stake in shares of Monster Beverage during the second quarter worth approximately $365,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.3%

Shares of Monster Beverage stock opened at $73.94 on Tuesday. The firm has a fifty day simple moving average of $70.32 and a 200-day simple moving average of $65.31. The stock has a market capitalization of $72.24 billion, a price-to-earnings ratio of 42.01, a PEG ratio of 2.22 and a beta of 0.48. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $76.28.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.41 EPS. As a group, research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research analyst reports. Piper Sandler set a $85.00 target price on shares of Monster Beverage in a research report on Wednesday, December 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a report on Monday, November 24th. Wall Street Zen upgraded Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $81.00 target price (up previously from $74.00) on shares of Monster Beverage in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.45.

Insider Activity at Monster Beverage

In other news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $71.33, for a total value of $2,741,782.54. Following the transaction, the insider directly owned 21,993 shares in the company, valued at approximately $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.80% of the company’s stock.

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.