Security Financial Services INC. Buys 711 Shares of Monster Beverage Corporation $MNST

by · The Cerbat Gem

Security Financial Services INC. increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,120 shares of the company’s stock after buying an additional 711 shares during the quarter. Security Financial Services INC.’s holdings in Monster Beverage were worth $383,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Access Investment Management LLC bought a new stake in shares of Monster Beverage in the 2nd quarter worth $25,000. Salomon & Ludwin LLC bought a new stake in shares of Monster Beverage in the second quarter valued at $28,000. Golden State Wealth Management LLC lifted its holdings in Monster Beverage by 647.3% during the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after purchasing an additional 479 shares during the last quarter. Webster Bank N. A. bought a new position in Monster Beverage in the 2nd quarter worth approximately $38,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Trading Up 0.3%

NASDAQ MNST opened at $71.31 on Friday. The firm has a market capitalization of $69.67 billion, a P/E ratio of 44.29, a P/E/G ratio of 2.31 and a beta of 0.53. The firm’s fifty day simple moving average is $67.39 and its two-hundred day simple moving average is $63.86. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $72.62.

Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MNST. Morgan Stanley reissued an “overweight” rating and set a $81.00 price objective (up previously from $74.00) on shares of Monster Beverage in a report on Friday, November 7th. Wells Fargo & Company raised their target price on shares of Monster Beverage from $73.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Evercore ISI boosted their price target on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Bank of America boosted their target price on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.62.

Check Out Our Latest Report on Monster Beverage

Monster Beverage Company 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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