True Wealth Design LLC Purchases 1,230 Shares of Monster Beverage Corporation $MNST

True Wealth Design LLC grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 672.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,413 shares of the company’s stock after purchasing an additional 1,230 shares during the period. True Wealth Design LLC’s holdings in Monster Beverage were worth $89,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC increased its position in Monster Beverage by 1.0% in the second quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after purchasing an additional 174 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares during the last quarter. Accretive Wealth Partners LLC grew its position in shares of Monster Beverage by 1.0% during the 2nd quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after buying an additional 190 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Monster Beverage by 2.9% during the second quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock worth $420,000 after buying an additional 191 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the business’s stock in a transaction on 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. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

MNST has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Monster Beverage in a report on Thursday. Wall Street Zen upgraded Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley restated an “overweight” rating and set a $81.00 target price (up from $74.00) on shares of Monster Beverage in a research report on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating, eight have given 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 “Moderate Buy” and an average price target of $69.41.

Monster Beverage Price Performance

NASDAQ:MNST opened at $69.73 on Friday. The business’s 50-day simple moving average is $66.59 and its 200-day simple moving average is $63.44. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $72.62. The stock has a market capitalization of $68.09 billion, a PE ratio of 43.31, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage 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.