Ashton Thomas Securities LLC Purchases 174 Shares of Monster Beverage Corporation $MNST

Ashton Thomas Securities LLC increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 1.0% in the second quarter, Holdings Channel reports. The institutional investor owned 16,986 shares of the company’s stock after buying an additional 174 shares during the period. Ashton Thomas Securities LLC’s holdings in Monster Beverage were worth $1,064,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new stake in shares of Monster Beverage in the first quarter valued at approximately $29,000. Webster Bank N. A. bought a new position in Monster Beverage in the second quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 37.1% in the 1st 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 last quarter. Banque Cantonale Vaudoise bought a new stake in Monster Beverage during the 1st quarter worth about $43,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of Monster Beverage by 21.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company’s stock valued at $77,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $67.58 on Friday. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.89. The stock has a market cap of $65.99 billion, a P/E ratio of 41.98, a price-to-earnings-growth ratio of 2.35 and a beta of 0.54. The firm has a 50 day moving average price of $63.34 and a two-hundred day moving average price of $61.50.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. Monster Beverage’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the topic of several analyst reports. Roth Capital reiterated a “neutral” rating and set a $60.00 target price (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Royal Bank Of Canada set a $68.00 price target on Monster Beverage and gave the company an “outperform” rating in a research note on Friday, August 8th. Rothschild & Co Redburn lowered Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Wednesday, July 9th. Citigroup upped their price target on shares of Monster Beverage from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Redburn Atlantic lowered shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and lowered their price target for the stock from $63.00 to $60.00 in a research report on Wednesday, July 9th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.19.

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.