Pacer Advisors Inc. Invests $3.75 Million in Monster Beverage Corp (NASDAQ:MNST)

Pacer Advisors Inc. bought a new position in shares of Monster Beverage Corp (NASDAQ:MNST) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 68,717 shares of the company’s stock, valued at approximately $3,750,000.

Several other large investors have also recently modified their holdings of MNST. Berman Capital Advisors LLC bought a new stake in Monster Beverage during the fourth quarter valued at $33,000. Executive Wealth Management LLC bought a new stake in Monster Beverage during the fourth quarter valued at $35,000. Baystate Wealth Management LLC increased its stake in Monster Beverage by 555.6% during the fourth quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock valued at $39,000 after purchasing an additional 600 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Monster Beverage during the fourth quarter valued at $56,000. Finally, Rockland Trust Co. bought a new stake in Monster Beverage during the fourth quarter valued at $49,000. Institutional investors and hedge funds own 66.03% of the company’s stock.

Several analysts have weighed in on the stock. UBS Group set a $48.00 target price on shares of Monster Beverage and gave the company a “sell” rating in a research note on Friday, January 18th. ValuEngine upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. BidaskClub upgraded shares of Monster Beverage from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Jefferies Financial Group upped their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Finally, SunTrust Banks raised their target price on shares of Monster Beverage to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.03.

Shares of MNST traded up $5.12 during mid-day trading on Friday, hitting $63.11. The company’s stock had a trading volume of 9,902,583 shares, compared to its average volume of 4,329,032. The stock has a market capitalization of $34.30 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.09 and a beta of 1.53. Monster Beverage Corp has a fifty-two week low of $47.61 and a fifty-two week high of $66.38.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Monster Beverage had a net margin of 26.08% and a return on equity of 26.96%. The company had revenue of $946.00 million for the quarter, compared to analysts’ expectations of $919.49 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that Monster Beverage Corp will post 2.01 earnings per share for the current fiscal year.

In other news, EVP Thomas J. Kelly sold 25,719 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $59.68, for a total transaction of $1,534,909.92. Following the sale, the executive vice president now owns 35,370 shares in the company, valued at $2,110,881.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harold C. Taber, Jr. sold 11,772 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.58, for a total transaction of $748,463.76. Following the sale, the director now owns 72,240 shares in the company, valued at approximately $4,593,019.20. The disclosure for this sale can be found here. Insiders have sold 62,253 shares of company stock worth $3,842,637 in the last 90 days. 9.70% of the stock is owned by company insiders.

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Monster Beverage Company 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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