Syon Capital LLC Grows Stock Position in Monster Beverage Corporation $MNST

Syon Capital LLC lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 70.4% during the third quarter, Holdings Channel reports. The institutional investor owned 28,165 shares of the company’s stock after acquiring an additional 11,633 shares during the quarter. Syon Capital LLC’s holdings in Monster Beverage were worth $1,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Access Investment Management LLC acquired a new stake in shares of Monster Beverage during the 2nd quarter worth approximately $25,000. Physician Wealth Advisors Inc. boosted its holdings in Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Monster Beverage during the third quarter valued at $27,000. Newbridge Financial Services Group Inc. increased its holdings in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after buying an additional 415 shares in the last quarter. Finally, First Horizon Corp purchased a new position in Monster Beverage in the third quarter valued at $29,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets restated a “market perform” rating and set a $73.00 target price (up from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $79.00 price objective on shares of Monster Beverage in a report on Tuesday, November 4th. Bank of America upped their target price on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. UBS Group reissued a “neutral” rating and issued a $84.00 price target (up previously from $75.00) on shares of Monster Beverage in a research note on Wednesday, January 14th. Finally, Citigroup reissued a “buy” rating and issued a $90.00 price target (up previously from $87.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Fourteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.90.

Monster Beverage Stock Up 0.3%

Monster Beverage stock opened at $83.18 on Thursday. The company has a fifty day simple moving average of $78.70 and a 200-day simple moving average of $71.34. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 2.15 and a beta of 0.45. Monster Beverage Corporation has a 52-week low of $50.93 and a 52-week high of $83.91.

Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. Insiders own 8.30% of the company’s stock.

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.