Creative Planning Grows Position in Monster Beverage Corp (MNST)

Creative Planning raised its holdings in Monster Beverage Corp (NASDAQ:MNST) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,667 shares of the company’s stock after buying an additional 651 shares during the period. Creative Planning’s holdings in Monster Beverage were worth $1,892,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Monster Beverage by 4.2% in the 4th quarter. BlackRock Inc. now owns 25,120,708 shares of the company’s stock valued at $1,236,441,000 after purchasing an additional 1,009,563 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Monster Beverage by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,335,460 shares of the company’s stock valued at $262,159,000 after purchasing an additional 289,340 shares in the last quarter. Northern Trust Corp boosted its holdings in Monster Beverage by 1.0% in the 4th quarter. Northern Trust Corp now owns 4,759,064 shares of the company’s stock valued at $234,241,000 after purchasing an additional 48,167 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Monster Beverage by 4,494.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,620,232 shares of the company’s stock valued at $94,000 after purchasing an additional 4,519,673 shares in the last quarter. Finally, Norges Bank purchased a new stake in Monster Beverage in the 4th quarter valued at approximately $209,565,000. Institutional investors own 65.46% of the company’s stock.

Several brokerages have recently commented on MNST. BidaskClub lowered Monster Beverage from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Zacks Investment Research lowered Monster Beverage from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Jefferies Financial Group boosted their price target on Monster Beverage from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Macquarie set a $63.00 price target on Monster Beverage and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, ValuEngine raised Monster Beverage from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $63.03.

MNST traded up $0.26 during trading on Wednesday, hitting $64.00. The company’s stock had a trading volume of 2,513,805 shares, compared to its average volume of 4,129,290. The company has a market capitalization of $34.58 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53. Monster Beverage Corp has a twelve month low of $47.74 and a twelve month high of $66.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $946.00 million during the quarter, compared to the consensus estimate of $919.49 million. Monster Beverage had a return on equity of 28.35% and a net margin of 26.61%. Monster Beverage’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. As a group, research analysts anticipate that Monster Beverage Corp will post 2.07 earnings per share for the current year.

In other news, Director Harold C. Taber, Jr. sold 11,772 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $63.58, for a total transaction of $748,463.76. Following the completion of the sale, the director now directly owns 72,240 shares in the company, valued at approximately $4,593,019.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark J. Hall sold 394,341 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $61.58, for a total value of $24,283,518.78. The disclosure for this sale can be found here. Insiders sold a total of 481,356 shares of company stock valued at $29,678,733 over the last quarter. 9.70% of the stock is currently owned by insiders.

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Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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