5,919 Shares in Monster Beverage Corporation $MNST Acquired by Earned Wealth Advisors LLC

Earned Wealth Advisors LLC purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,919 shares of the company’s stock, valued at approximately $371,000.

Several other large investors also recently made changes to their positions in the stock. Alta Advisers Ltd bought a new stake in Monster Beverage in the 1st quarter valued at $207,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Monster Beverage by 11.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 88,418 shares of the company’s stock valued at $5,174,000 after purchasing an additional 8,851 shares during the period. Keybank National Association OH lifted its holdings in shares of Monster Beverage by 11.0% in the first quarter. Keybank National Association OH now owns 25,878 shares of the company’s stock valued at $1,514,000 after purchasing an additional 2,555 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Monster Beverage by 41.0% during the first quarter. Aaron Wealth Advisors LLC now owns 9,098 shares of the company’s stock worth $532,000 after buying an additional 2,646 shares during the period. Finally, Novem Group grew its holdings in shares of Monster Beverage by 34.5% during the first quarter. Novem Group now owns 19,774 shares of the company’s stock worth $1,157,000 after buying an additional 5,069 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the sale, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Monster Beverage Trading Up 0.0%

NASDAQ MNST opened at $66.57 on Friday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.72. The stock has a 50 day moving average of $65.97 and a 200-day moving average of $63.06. The company has a market cap of $65.00 billion, a PE ratio of 41.35, a PEG ratio of 2.31 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, sell-side analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MNST. Roth Capital reissued a “neutral” rating and issued a $60.00 target price (up previously from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monster Beverage in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, UBS Group lifted their price target on shares of Monster Beverage from $67.00 to $72.00 and gave the company a “neutral” 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.10.

About Monster Beverage

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.