PKO Investment Management Joint Stock Co Acquires New Stake in Monster Beverage Corporation $MNST

PKO Investment Management Joint Stock Co purchased a new position in Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,000 shares of the company’s stock, valued at approximately $1,144,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in shares of Monster Beverage by 397.9% during the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after buying an additional 12,148 shares during the last quarter. Centurion Wealth Management LLC bought a new position in shares of Monster Beverage during the second quarter valued at approximately $205,000. Parallel Advisors LLC lifted its position in shares of Monster Beverage by 1.9% in the 2nd quarter. Parallel Advisors LLC now owns 88,909 shares of the company’s stock worth $5,569,000 after purchasing an additional 1,634 shares during the period. GK Wealth Management LLC purchased a new stake in Monster Beverage in the second quarter worth about $300,000. Finally, Webster Bank N. A. bought a new position in Monster Beverage during the 2nd quarter valued at approximately $38,000. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total value of $2,741,782.54. Following the sale, the insider owned 21,993 shares in the company, valued at $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 274,981 shares of company stock worth $20,138,516 in the last 90 days. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of a number of research reports. BMO Capital Markets restated a “market perform” rating and issued a $73.00 price target (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. The Goldman Sachs Group raised their price objective on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Citigroup restated a “buy” rating and set a $87.00 target price (up from $82.00) on shares of Monster Beverage in a research report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $75.05.

Monster Beverage Stock Up 0.2%

Shares of NASDAQ:MNST opened at $77.50 on Tuesday. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $78.31. The business has a 50-day moving average price of $74.13 and a 200-day moving average price of $67.56. The stock has a market cap of $75.72 billion, a price-to-earnings ratio of 44.03, a PEG ratio of 2.02 and a beta of 0.46.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. As a group, equities analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.