Traders Buy Monster Beverage Corporation (MNST) on Weakness

Investors purchased shares of Monster Beverage Corporation (NASDAQ:MNST) on weakness during trading on Tuesday. $43.33 million flowed into the stock on the tick-up and $23.27 million flowed out of the stock on the tick-down, for a money net flow of $20.06 million into the stock. Of all companies tracked, Monster Beverage Corporation had the 21st highest net in-flow for the day. Monster Beverage Corporation traded down ($0.58) for the day and closed at $56.08

A number of equities analysts have commented on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $61.00 price target on shares of Monster Beverage Corporation in a research note on Thursday, September 7th. BMO Capital Markets reissued a “buy” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. BidaskClub raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $42.00 price target (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. Finally, Jefferies Group LLC boosted their price target on shares of Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Monster Beverage Corporation has a consensus rating of “Buy” and a consensus price target of $56.28.

The stock’s 50 day moving average price is $54.32 and its 200 day moving average price is $49.64. The firm has a market capitalization of $31.86 billion, a P/E ratio of 42.42 and a beta of 0.99.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The business had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

In related news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the director now owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its stake in Monster Beverage Corporation by 42.2% during the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares during the period. Commonwealth Bank of Australia boosted its stake in Monster Beverage Corporation by 11.0% during the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares during the period. Sun Life Financial INC boosted its stake in Monster Beverage Corporation by 29,250.0% during the second quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after buying an additional 2,925 shares during the period. Assetmark Inc. boosted its stake in Monster Beverage Corporation by 7.7% during the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock worth $201,000 after buying an additional 311 shares during the period. Finally, Dynamic Advisors Solutions LLC purchased a new position in Monster Beverage Corporation during the second quarter worth $202,000. 65.88% of the stock is owned by institutional investors.

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About Monster Beverage Corporation

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

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