Nebula Research & Development LLC Buys Shares of 67,013 Monster Beverage Co. (NASDAQ:MNST)

Nebula Research & Development LLC purchased a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 67,013 shares of the company’s stock, valued at approximately $3,522,000. Monster Beverage makes up about 0.4% of Nebula Research & Development LLC’s holdings, making the stock its 25th biggest holding.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Bleakley Financial Group LLC increased its stake in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Monster Beverage by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after buying an additional 213 shares during the period. CreativeOne Wealth LLC boosted its stake in Monster Beverage by 1.9% in the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock worth $622,000 after buying an additional 217 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its holdings in Monster Beverage by 4.6% in the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock valued at $263,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MNST shares. Wells Fargo & Company raised their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Truist Financial lifted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. UBS Group lifted their target price on Monster Beverage from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Finally, Morgan Stanley upped their price target on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Monster Beverage has an average rating of “Hold” and an average price target of $57.89.

Insider Activity

In other news, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 48,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the transaction, the director now directly owns 296,846 shares of the company’s stock, valued at $16,293,876.94. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock valued at $11,484,440 over the last three months. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Down 0.8 %

Shares of Monster Beverage stock opened at $58.59 on Friday. The business has a fifty day simple moving average of $56.30 and a 200-day simple moving average of $53.37. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.34. The firm has a market cap of $57.02 billion, a price-to-earnings ratio of 37.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, equities analysts forecast that Monster Beverage Co. will post 1.62 EPS 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.