Waterloo Capital L.P. Purchases 8,231 Shares of Monster Beverage Corporation $MNST

Waterloo Capital L.P. grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 117.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,230 shares of the company’s stock after purchasing an additional 8,231 shares during the quarter. Waterloo Capital L.P.’s holdings in Monster Beverage were worth $1,025,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its position in Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after acquiring an additional 146 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Monster Beverage by 4.1% during the 3rd quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock valued at $265,000 after purchasing an additional 155 shares in the last quarter. Premier Path Wealth Partners LLC boosted its position in shares of Monster Beverage by 3.2% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after purchasing an additional 161 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in Monster Beverage by 13.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock worth $93,000 after purchasing an additional 176 shares in the last quarter. Finally, Accretive Wealth Partners LLC increased its holdings in Monster Beverage by 1.0% in the second quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after purchasing an additional 190 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 38,438 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. This represents a 63.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 274,981 shares of company stock valued at $20,138,516. 8.30% of the stock is owned by insiders.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $82.54 on Friday. The stock has a market cap of $80.64 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 2.12 and a beta of 0.45. Monster Beverage Corporation has a fifty-two week low of $46.19 and a fifty-two week high of $83.24. The firm’s 50-day simple moving average is $77.52 and its 200 day simple moving average is $70.07.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. On average, sell-side analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $73.00 price objective (up previously from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday, January 16th. The Goldman Sachs Group upped their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Stifel Nicolaus set a $82.00 target price on Monster Beverage and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $81.00 target price (up from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Fourteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.71.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.