Wiley BROS. Aintree Capital LLC Buys 230 Shares of Monster Beverage Co. (NASDAQ:MNST)

Wiley BROS. Aintree Capital LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,490 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Wiley BROS. Aintree Capital LLC’s holdings in Monster Beverage were worth $373,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Park National Corp OH bought a new position in Monster Beverage in the 2nd quarter valued at $6,931,000. State Board of Administration of Florida Retirement System grew its position in Monster Beverage by 100.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 916,270 shares of the company’s stock valued at $49,488,000 after acquiring an additional 459,935 shares during the last quarter. Fortis Group Advisors LLC bought a new position in Monster Beverage in the 1st quarter valued at $289,000. ProShare Advisors LLC grew its position in Monster Beverage by 122.7% in the 1st quarter. ProShare Advisors LLC now owns 980,106 shares of the company’s stock valued at $52,936,000 after acquiring an additional 539,953 shares during the last quarter. Finally, Empower Advisory Group LLC bought a new position in Monster Beverage in the 1st quarter valued at $95,847,000. Institutional investors own 64.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com assumed coverage on Monster Beverage in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Monster Beverage in a research report on Friday, August 4th. Roth Mkm upped their target price on Monster Beverage from $55.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, August 10th. Stifel Nicolaus upped their target price on Monster Beverage from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Piper Sandler upgraded Monster Beverage from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $63.00 in a report on Monday, August 7th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.71.

Insider Activity

In other news, Director Mark J. Hall sold 56,202 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $58.81, for a total value of $3,305,239.62. Following the transaction, the director now directly owns 1,027,840 shares of the company’s stock, valued at $60,447,270.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark J. Hall sold 110,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $57.35, for a total value of $6,308,500.00. Following the transaction, the director now directly owns 1,141,262 shares of the company’s stock, valued at $65,451,375.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 56,202 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $58.81, for a total value of $3,305,239.62. Following the sale, the director now directly owns 1,027,840 shares in the company, valued at $60,447,270.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 166,318 shares of company stock valued at $9,620,379. Company insiders own 9.40% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock traded up $0.21 during midday trading on Thursday, reaching $56.73. The company’s stock had a trading volume of 506,742 shares, compared to its average volume of 4,168,977. The stock’s 50-day simple moving average is $57.28 and its 200-day simple moving average is $56.42. Monster Beverage Co. has a 52-week low of $42.81 and a 52-week high of $60.47. The stock has a market capitalization of $59.43 billion, a P/E ratio of 41.56, a PEG ratio of 1.60 and a beta of 0.83.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Monster Beverage had a return on equity of 19.75% and a net margin of 21.45%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts expect that Monster Beverage Co. will post 1.54 earnings per share for the current fiscal year.

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: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.