PrairieView Partners LLC Takes $64,000 Position in Monster Beverage Co. (NASDAQ:MNST)

PrairieView Partners LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,300 shares of the company’s stock, valued at approximately $64,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in shares of Monster Beverage during the first quarter worth $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the second quarter worth $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth $27,000. Tortoise Investment Management LLC grew its stake in shares of Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. Finally, Kings Path Partners LLC purchased a new stake in Monster Beverage in the second quarter valued at $30,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $47.13 on Monday. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The company has a market cap of $46.17 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.18 and a beta of 0.76. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm’s 50 day moving average is $49.10 and its two-hundred day moving average is $52.88.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business posted $0.39 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Analysts expect that Monster Beverage Co. will post 1.66 EPS for the current year.

Analysts Set New Price Targets

MNST has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Morgan Stanley reduced their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Jefferies Financial Group reduced their target price on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America reduced their target price on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.85.

Insider Activity at Monster Beverage

In other news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The disclosure for this sale can be found here. In the last three months, insiders sold 307,221 shares of company stock valued at $16,070,374. Corporate insiders own 7.80% of the company’s stock.

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.