Aspiriant LLC Makes New $291,000 Investment in Monster Beverage Corporation $MNST

Aspiriant LLC bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, Holdings Channel.com reports. The firm bought 4,649 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MNST. Nuveen LLC purchased a new position in shares of Monster Beverage during the 1st quarter worth approximately $497,157,000. Montrusco Bolton Investments Inc. grew its stake in shares of Monster Beverage by 54.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company’s stock worth $303,728,000 after buying an additional 1,897,466 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Monster Beverage by 34.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company’s stock worth $425,921,000 after buying an additional 1,872,075 shares during the last quarter. Amundi grew its stake in shares of Monster Beverage by 69.8% in the 1st quarter. Amundi now owns 3,032,591 shares of the company’s stock worth $180,894,000 after buying an additional 1,246,114 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Monster Beverage by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock worth $3,791,313,000 after buying an additional 1,151,175 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Morgan Stanley upped their price target on Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Piper Sandler upgraded Monster Beverage from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $54.00 to $74.00 in a research note on Thursday, August 7th. Citigroup restated a “buy” rating and issued a $79.00 price target (up previously from $76.00) on shares of Monster Beverage in a research note on Thursday, October 9th. Wall Street Zen downgraded Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Monster Beverage in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $66.05.

Monster Beverage Trading Up 0.1%

Shares of MNST opened at $70.22 on Friday. The business’s fifty day simple moving average is $65.12 and its two-hundred day simple moving average is $62.34. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.65. The company has a market cap of $68.56 billion, a price-to-earnings ratio of 43.61, a P/E/G ratio of 2.44 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. As a group, research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction 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 transaction, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by insiders.

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.