Monster Beverage Co. (NASDAQ:MNST) Stock Position Lifted by Rise Advisors LLC

Rise Advisors LLC raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 187.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 716 shares of the company’s stock after buying an additional 467 shares during the quarter. Rise Advisors LLC’s holdings in Monster Beverage were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Monster Beverage in the fourth quarter valued at about $517,035,000. Wellington Management Group LLP lifted its holdings in shares of Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock valued at $1,033,323,000 after buying an additional 3,296,466 shares during the last quarter. Capital Research Global Investors increased its holdings in Monster Beverage by 40.6% in the fourth quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after buying an additional 3,026,657 shares during the last quarter. TD Asset Management Inc increased its holdings in Monster Beverage by 143.8% in the fourth quarter. TD Asset Management Inc now owns 3,209,873 shares of the company’s stock worth $184,921,000 after buying an additional 1,893,064 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in Monster Beverage by 85.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,114,288 shares of the company’s stock valued at $121,804,000 after acquiring an additional 974,610 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares in the company, valued at $3,534,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Hilton H. Schlosberg sold 42,144 shares of Monster Beverage stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Vidergauz sold 15,077 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 307,221 shares of company stock valued at $16,070,374. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 target price on shares of Monster Beverage in a research report on Friday, June 14th. Jefferies Financial Group increased their target price on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. HSBC reduced their price target on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Roth Mkm lowered their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Finally, Piper Sandler boosted their target price on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $60.79.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $48.68 on Friday. The firm has a fifty day moving average price of $52.75 and a two-hundred day moving average price of $55.49. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22. The company has a market cap of $50.71 billion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned $0.38 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts expect that Monster Beverage Co. will post 1.76 earnings per share for the current fiscal year.

Monster Beverage Profile

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.