Liontrust Investment Partners LLP Acquires 8,536 Shares of Monster Beverage Corporation $MNST

Liontrust Investment Partners LLP boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 9.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,986 shares of the company’s stock after purchasing an additional 8,536 shares during the period. Liontrust Investment Partners LLP’s holdings in Monster Beverage were worth $6,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Access Investment Management LLC acquired a new position in shares of Monster Beverage in the second quarter worth approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Monster Beverage during the 2nd quarter valued at approximately $28,000. Golden State Wealth Management LLC raised its holdings in Monster Beverage by 647.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock worth $35,000 after purchasing an additional 479 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Monster Beverage in the 2nd quarter worth approximately $38,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Monster Beverage in the 2nd quarter worth approximately $45,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 2.0%

MNST stock opened at $73.97 on Monday. The firm has a market capitalization of $72.27 billion, a PE ratio of 42.03, a P/E/G ratio of 2.23 and a beta of 0.48. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $76.28. The stock’s 50 day moving average is $70.81 and its 200-day moving average is $65.59.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the business earned $0.41 EPS. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Guy Carling sold 38,438 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Roth Capital restated a “neutral” rating and set a $70.00 price target on shares of Monster Beverage in a report on Wednesday, December 3rd. Stifel Nicolaus set a $82.00 target price on shares of Monster Beverage and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group raised their price target on shares of Monster Beverage from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $71.64.

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.