Savvy Advisors Inc. Has $309,000 Holdings in Monster Beverage Corporation $MNST

Savvy Advisors Inc. grew its stake in Monster Beverage Corporation (NASDAQ:MNST) by 28.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,927 shares of the company’s stock after buying an additional 1,083 shares during the period. Savvy Advisors Inc.’s holdings in Monster Beverage were worth $309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assetmark Inc. lifted its position in shares of Monster Beverage by 43.0% in the second quarter. Assetmark Inc. now owns 409,271 shares of the company’s stock worth $25,637,000 after buying an additional 123,106 shares during the last quarter. Premier Path Wealth Partners LLC lifted its position in shares of Monster Beverage by 15.9% in the second quarter. Premier Path Wealth Partners LLC now owns 5,085 shares of the company’s stock worth $319,000 after buying an additional 699 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Monster Beverage by 5.3% in the second quarter. Arkadios Wealth Advisors now owns 74,201 shares of the company’s stock worth $4,648,000 after buying an additional 3,722 shares during the last quarter. World Investment Advisors acquired a new stake in shares of Monster Beverage in the second quarter worth about $328,000. Finally, New York Life Investment Management LLC lifted its position in shares of Monster Beverage by 2.0% in the second quarter. New York Life Investment Management LLC now owns 95,661 shares of the company’s stock worth $5,992,000 after buying an additional 1,844 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

MNST has been the topic of a number of recent analyst reports. Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Bank of America lifted their price objective on Monster Beverage from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Roth Capital reiterated a “neutral” rating and issued a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Morgan Stanley lifted their price objective on Monster Beverage from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Monster Beverage in a research note on Friday. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.10.

Monster Beverage Stock Up 0.4%

MNST stock opened at $66.83 on Friday. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $70.72. The company has a market cap of $65.25 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.54. The business’s 50-day simple moving average is $66.05 and its 200 day simple moving average is $63.15.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current 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: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.