Twinbeech Capital LP Purchases Shares of 353,558 Monster Beverage Co. (NASDAQ:MNST)

Twinbeech Capital LP purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 353,558 shares of the company’s stock, valued at approximately $18,583,000.

Several other hedge funds also recently added to or reduced their stakes in MNST. Park Avenue Securities LLC boosted its holdings in Monster Beverage by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 18,470 shares of the company’s stock valued at $971,000 after purchasing an additional 486 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Monster Beverage by 25.1% during the 4th quarter. Merit Financial Group LLC now owns 6,653 shares of the company’s stock worth $350,000 after acquiring an additional 1,335 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Monster Beverage by 20.9% during the 4th quarter. Brooklyn Investment Group now owns 4,245 shares of the company’s stock worth $223,000 after acquiring an additional 734 shares in the last quarter. Premier Path Wealth Partners LLC purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $222,000. Finally, HB Wealth Management LLC boosted its stake in shares of Monster Beverage by 29.2% during the 4th quarter. HB Wealth Management LLC now owns 11,654 shares of the company’s stock worth $613,000 after acquiring an additional 2,631 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. CICC Research raised shares of Monster Beverage from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $56.00 to $65.00 in a research note on Monday, May 12th. Piper Sandler increased their target price on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group upped their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.50.

Monster Beverage Stock Up 0.9%

MNST stock opened at $62.86 on Monday. The company has a market cap of $61.30 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.28 and a beta of 0.63. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $62.97. The firm has a 50-day moving average of $58.49 and a two-hundred day moving average of $54.26.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Monster Beverage’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. As a group, analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares of the company’s stock, valued at $3,994,528.71. This represents a 12.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,316 shares of company stock worth $11,484,440. Insiders own 8.30% of the company’s stock.

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.