PDS Planning Inc Purchases 706 Shares of Monster Beverage Corporation $MNST

PDS Planning Inc raised its position in Monster Beverage Corporation (NASDAQ:MNST) by 14.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,554 shares of the company’s stock after purchasing an additional 706 shares during the period. PDS Planning Inc’s holdings in Monster Beverage were worth $348,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Monster Beverage by 6.7% during the 2nd quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock worth $206,000 after acquiring an additional 207 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in shares of Monster Beverage during the 2nd quarter worth $362,000. Vivid Wealth Management LLC bought a new stake in shares of Monster Beverage during the 2nd quarter worth $2,340,000. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Monster Beverage by 160.9% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 68,714 shares of the company’s stock worth $4,304,000 after acquiring an additional 42,380 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Monster Beverage by 11.9% during the 2nd quarter. IFP Advisors Inc now owns 4,598 shares of the company’s stock worth $288,000 after acquiring an additional 489 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Activity

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

Monster Beverage Trading Up 0.9%

MNST stock opened at $69.62 on Monday. The firm’s 50-day moving average price is $64.31 and its two-hundred day moving average price is $62.01. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $70.06. The stock has a market capitalization of $67.98 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 2.42 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data 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. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MNST. Roth Capital reaffirmed a “neutral” rating and set a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. 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 report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on shares of Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday. Redburn Atlantic downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and lowered their price target for the stock from $63.00 to $60.00 in a research note on Wednesday, July 9th. Finally, Bank of America boosted their price target on shares of Monster Beverage from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $66.05.

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.