Lavaca Capital LLC Takes $679,000 Position in Monster Beverage Corporation $MNST

by · The Markets Daily

Lavaca Capital LLC purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,834 shares of the company’s stock, valued at approximately $679,000.

Several other large investors have also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in Monster Beverage in the second quarter worth $25,000. Salomon & Ludwin LLC bought a new position in shares of Monster Beverage in the 2nd quarter worth about $28,000. Golden State Wealth Management LLC lifted its position in shares of Monster Beverage by 647.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock worth $35,000 after buying an additional 479 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Monster Beverage in the 2nd quarter valued at about $38,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Monster Beverage during the 2nd quarter valued at about $45,000. 72.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MNST has been the topic of several research reports. BMO Capital Markets reiterated a “market perform” rating and set a $73.00 price objective (up previously from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Wells Fargo & Company reiterated an “overweight” rating and set a $83.00 price target (up from $75.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Wall Street Zen upgraded Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Morgan Stanley restated an “overweight” rating and set a $81.00 price objective (up from $74.00) on shares of Monster Beverage in a research note on Friday, November 7th. Finally, Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.45.

Read Our Latest Analysis on Monster Beverage

Insiders Place Their Bets

In related news, insider Guy Carling sold 38,438 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the transaction, the insider owned 21,993 shares in the company, valued at $1,568,760.69. This represents a 63.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.30% of the stock is owned by insiders.

Monster Beverage Price Performance

MNST opened at $72.49 on Friday. The stock’s 50 day moving average price is $70.67 and its 200 day moving average price is $65.49. The stock has a market cap of $70.82 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.22 and a beta of 0.48. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $76.28.

Monster Beverage (NASDAQ:MNST – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. Equities analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Monster Beverage Profile

(Free Report)

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.

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