Stock Traders Purchase High Volume of Put Options on Monster Beverage (NASDAQ:MNST)

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Monster Beverage Corp (NASDAQ:MNST) was the recipient of some unusual options trading on Tuesday. Traders purchased 12,792 put options on the company. This is an increase of approximately 959% compared to the typical daily volume of 1,208 put options.

Several hedge funds have recently added to or reduced their stakes in MNST. Pensionfund DSM Netherlands acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $2,489,000. Pensionfund Sabic acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $1,691,000. Burns J W & Co. Inc. NY acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $236,000. Supplemental Annuity Collective Trust of NJ increased its holdings in shares of Monster Beverage by 37.5% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 11,000 shares of the company’s stock worth $702,000 after buying an additional 3,000 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth $378,000. Institutional investors and hedge funds own 66.04% of the company’s stock.

Shares of Monster Beverage stock traded up $0.59 during trading hours on Wednesday, reaching $58.99. 46,540 shares of the company’s stock were exchanged, compared to its average volume of 3,451,469. Monster Beverage has a 52-week low of $47.74 and a 52-week high of $66.38. The firm has a market capitalization of $31.69 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. The company has a fifty day moving average of $56.70 and a 200-day moving average of $60.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Monster Beverage had a return on equity of 28.23% and a net margin of 26.58%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, equities analysts forecast that Monster Beverage will post 2.03 EPS for the current year.

A number of research analysts have weighed in on MNST shares. JPMorgan Chase & Co. reduced their price target on Monster Beverage from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Credit Suisse Group reissued an “outperform” rating and set a $77.00 price target on shares of Monster Beverage in a research note on Wednesday, August 28th. Jefferies Financial Group increased their price target on Monster Beverage from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Guggenheim lowered Monster Beverage from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $74.00 to $60.00 in a research note on Wednesday, October 2nd. Finally, BMO Capital Markets reduced their price target on Monster Beverage from $62.00 to $61.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.93.

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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