Capital Analysts LLC raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 15.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,140 shares of the company’s stock after purchasing an additional 151 shares during the quarter. Capital Analysts LLC’s holdings in Monster Beverage were worth $104,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. OLD Mission Capital LLC bought a new stake in Monster Beverage in the third quarter valued at about $5,669,000. Federated Hermes Inc. increased its stake in Monster Beverage by 499.4% in the fourth quarter. Federated Hermes Inc. now owns 11,059 shares of the company’s stock valued at $1,023,000 after acquiring an additional 9,214 shares during the period. Ancora Advisors LLC increased its stake in Monster Beverage by 52.5% in the fourth quarter. Ancora Advisors LLC now owns 453 shares of the company’s stock valued at $42,000 after acquiring an additional 156 shares during the period. ExodusPoint Capital Management LP increased its stake in Monster Beverage by 1,704.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 69,235 shares of the company’s stock valued at $6,403,000 after acquiring an additional 65,399 shares during the period. Finally, Gyon Technologies Capital Management LP bought a new stake in Monster Beverage in the fourth quarter valued at about $406,000. Institutional investors own 63.22% of the company’s stock.
In other Monster Beverage news, insider Emelie Tirre sold 42,786 shares of the company’s stock in a transaction that occurred on Thursday, June 3rd. The shares were sold at an average price of $95.08, for a total value of $4,068,092.88. Following the completion of the sale, the insider now owns 14,557 shares of the company’s stock, valued at $1,384,079.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is currently owned by corporate insiders.
Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 6th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Monster Beverage had a net margin of 30.25% and a return on equity of 26.31%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities research analysts expect that Monster Beverage Co. will post 2.59 EPS for the current year.
A number of research firms recently weighed in on MNST. Evercore ISI reissued a “buy” rating on shares of Monster Beverage in a research note on Sunday, May 9th. Truist boosted their price target on shares of Monster Beverage from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 7th. Stifel Nicolaus restated a “buy” rating and issued a $107.00 price target on shares of Monster Beverage in a research report on Friday, July 16th. Truist Financial boosted their price target on shares of Monster Beverage from $105.00 to $115.00 in a research report on Friday, May 7th. Finally, Truist Securities boosted their price target on shares of Monster Beverage from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $101.26.
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 carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy teas and shakes, non-carbonated energy drinks, and ready-to-drink packaged energy drinks primarily to bottlers and beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers, value stores, e-commerce retailers, and the military; and concentrates and/or beverage bases to bottling and canning operations.
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