Trade Report: Today, First National Trust Co. invests in Monster Beverage Corp. (MNST) Shares

Today, First National Trust Co. invests in Monster Beverage Corp. (MNST) Shares

First National Trust Co. increased its stake in shares of Monster Beverage Corp. (NASDAQ:MNST) by 66.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,609 shares of the company’s stock after buying an additional 1,042 shares during the period. First National Trust Co.’s holdings in Monster Beverage Corp. were worth $383,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MNST. Lone Pine Capital LLC increased its stake in Monster Beverage Corp. by 271.6% in the second quarter. Lone Pine Capital LLC now owns 4,141,575 shares of the company’s stock valued at $665,593,000 after buying an additional 3,027,014 shares during the period. Jennison Associates LLC increased its stake in Monster Beverage Corp. by 9.2% in the second quarter. Jennison Associates LLC now owns 5,703,597 shares of the company’s stock valued at $916,625,000 after buying an additional 480,182 shares during the period. Loomis Sayles & Co. L P increased its stake in Monster Beverage Corp. by 6.2% in the second quarter. Loomis Sayles & Co. L P now owns 6,270,270 shares of the company’s stock valued at $1,007,695,000 after buying an additional 368,831 shares during the period. Calamos Advisors LLC bought a new stake in Monster Beverage Corp. during the second quarter valued at $51,110,000. Finally, Montag & Caldwell LLC increased its stake in Monster Beverage Corp. by 77.4% in the second quarter. Montag & Caldwell LLC now owns 718,323 shares of the company’s stock valued at $115,442,000 after buying an additional 313,518 shares during the period. 22.16% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Corp. (NASDAQ:MNST) traded up 0.25% on Friday, reaching $44.85. 1,329,138 shares of the company’s stock were exchanged. The company has a market cap of $25.61 billion, a PE ratio of 40.26 and a beta of 0.89. The firm’s 50 day moving average price is $105.76 and its 200 day moving average price is $141.91. Monster Beverage Corp. has a 52-week low of $37.69 and a 52-week high of $55.50.

Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by $0.13. The business had revenue of $788 million for the quarter, compared to analyst estimates of $819.90 million. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. On average, analysts expect that Monster Beverage Corp. will post $1.24 earnings per share for the current year.

MNST has been the subject of several recent research reports. Jefferies Group reissued a “hold” rating on shares of Monster Beverage Corp. in a research report on Monday, August 1st. Stifel Nicolaus boosted their target price on shares of Monster Beverage Corp. from $55.00 to $61.67 and gave the stock a “buy” rating in a research report on Friday, August 5th. Vetr raised shares of Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $52.51 target price for the company in a research report on Thursday, September 15th. RBC Capital Markets reissued an “outperform” rating and set a $63.33 target price (up from $55.33) on shares of Monster Beverage Corp. in a research report on Wednesday, August 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Monster Beverage Corp. from $55.33 to $63.33 and gave the stock an “outperform” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.02.

Monster Beverage Corp. Company Profile

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.

Related posts

Leave a Comment