WoodTrust Financial Corp bought a new stake in Monster Beverage Corp (NASDAQ:MNST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,600 shares of the company’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. West Oak Capital LLC bought a new stake in Monster Beverage during the second quarter worth about $38,000. Executive Wealth Management LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $35,000. SevenBridge Financial Group LLC acquired a new position in shares of Monster Beverage during the second quarter worth approximately $50,000. Old North State Trust LLC acquired a new position in shares of Monster Beverage during the first quarter worth approximately $48,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Monster Beverage during the first quarter worth approximately $55,000. 66.57% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ MNST traded up $1.04 during trading hours on Friday, hitting $65.20. The company’s stock had a trading volume of 1,709,074 shares, compared to its average volume of 1,969,570. The stock has a fifty day moving average of $64.21. Monster Beverage Corp has a twelve month low of $47.74 and a twelve month high of $66.38. The firm has a market cap of $35.44 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 2.19 and a beta of 1.33.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. The business had revenue of $946.00 million for the quarter, compared to analyst estimates of $919.49 million. During the same period in the prior year, the business posted $0.38 earnings per share. Monster Beverage’s revenue was up 11.2% compared to the same quarter last year. Equities analysts expect that Monster Beverage Corp will post 2.09 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. Credit Suisse Group set a $77.00 target price on shares of Monster Beverage and gave the stock a “buy” rating in a research report on Friday, May 3rd. Macquarie set a $325.00 target price on shares of Arista Networks and gave the stock a “buy” rating in a research report on Friday, May 3rd. BidaskClub upgraded shares of DENTSPLY SIRONA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 13th. Jefferies Financial Group upped their target price on shares of Monster Beverage from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, UBS Group set a $125.00 target price on shares of Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.17.

In related news, Director Mark J. Hall sold 394,341 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $61.58, for a total value of $24,283,518.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Guy Carling sold 24,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.82, for a total transaction of $1,579,680.00. Following the completion of the transaction, the insider now owns 33,535 shares in the company, valued at $2,207,273.70. The disclosure for this sale can be found here. Insiders sold 443,103 shares of company stock worth $27,415,776 over the last 90 days. 10.20% of the stock is currently owned by company insiders.

About Monster Beverage

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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