Sciencast Management LP purchased a new stake in shares of Monster Beverage Corp (NASDAQ:MNST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 35,183 shares of the company’s stock, valued at approximately $2,248,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bank grew its position in Monster Beverage by 60.4% during the fourth quarter. Pinnacle Bank now owns 433 shares of the company’s stock valued at $28,000 after buying an additional 163 shares during the period. Simon Quick Advisors LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth about $36,000. Capital Bank & Trust Co lifted its stake in shares of Monster Beverage by 114.3% in the second quarter. Capital Bank & Trust Co now owns 1,020 shares of the company’s stock worth $65,000 after buying an additional 544 shares in the last quarter. CSat Investment Advisory L.P. lifted its stake in shares of Monster Beverage by 469.7% in the second quarter. CSat Investment Advisory L.P. now owns 1,145 shares of the company’s stock worth $73,000 after buying an additional 944 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of Monster Beverage by 117.1% in the third quarter. CWM LLC now owns 1,854 shares of the company’s stock worth $108,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 65.92% of the company’s stock.
Shares of MNST stock opened at $66.18 on Thursday. The firm’s 50-day moving average is $62.64 and its two-hundred day moving average is $60.14. Monster Beverage Corp has a 12 month low of $52.23 and a 12 month high of $66.38. The company has a market capitalization of $35.26 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.16.
Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, November 7th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Monster Beverage had a net margin of 26.58% and a return on equity of 28.23%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.48 earnings per share. Monster Beverage’s quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Monster Beverage Corp will post 2.04 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MNST. Royal Bank of Canada set a $75.00 price target on shares of Monster Beverage and gave the stock a “buy” rating in a research note on Monday, September 30th. Credit Suisse Group reissued a “buy” rating and issued a $77.00 price target on shares of Monster Beverage in a research note on Friday, January 10th. Guggenheim downgraded shares of Monster Beverage from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $74.00 to $60.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group raised their price target on shares of 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. Finally, Zacks Investment Research downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a research note on Monday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Monster Beverage presently has a consensus rating of “Hold” and a consensus target price of $65.94.
In related news, insider Guy Carling sold 42,750 shares of Monster Beverage stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $62.32, for a total value of $2,664,180.00. Following the completion of the transaction, the insider now owns 35,785 shares in the company, valued at $2,230,121.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emelie Tirre sold 10,500 shares of Monster Beverage stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $58.58, for a total transaction of $615,090.00. Following the completion of the transaction, the insider now owns 63,101 shares of the company’s stock, valued at approximately $3,696,456.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,250 shares of company stock valued at $5,261,580. Company insiders own 10.20% of the company’s stock.
Monster Beverage 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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