Vise Technologies Inc. Purchases 8,195 Shares of Monster Beverage Corporation $MNST

Vise Technologies Inc. lifted its position in Monster Beverage Corporation (NASDAQ:MNST) by 76.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,956 shares of the company’s stock after buying an additional 8,195 shares during the quarter. Vise Technologies Inc.’s holdings in Monster Beverage were worth $1,453,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after purchasing an additional 12,148 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Monster Beverage by 247.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Monster Beverage by 23.9% in the 2nd quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock worth $417,000 after purchasing an additional 1,281 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Monster Beverage by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock worth $301,000 after purchasing an additional 1,721 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Monster Beverage by 151.7% in the 2nd quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,538 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark J. Hall sold 54,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total transaction of $4,633,740.00. Following the transaction, the director owned 299,246 shares of the company’s stock, valued at $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emelie Tirre sold 88,700 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.96, for a total value of $7,624,652.00. Following the completion of the transaction, the insider directly owned 81,763 shares in the company, valued at $7,028,347.48. The trade was a 52.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,700 shares of company stock valued at $13,730,462 over the last 90 days. 8.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNST shares. UBS Group reiterated a “neutral” rating and set a $84.00 price target (up from $80.00) on shares of Monster Beverage in a report on Friday, May 8th. Royal Bank Of Canada upped their price target on Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Morgan Stanley set a $103.00 price target on Monster Beverage and gave the stock an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. cut their price target on Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their price target on Monster Beverage from $87.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.05.

Monster Beverage Price Performance

Monster Beverage stock opened at $88.47 on Tuesday. The stock has a fifty day moving average price of $80.60 and a two-hundred day moving average price of $78.76. Monster Beverage Corporation has a 52-week low of $58.09 and a 52-week high of $90.44. The firm has a market capitalization of $86.52 billion, a P/E ratio of 42.74, a P/E/G ratio of 2.96 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts predict that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Monster Beverage announced that its Board of Directors has initiated a share buyback plan on Friday, May 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Monster Beverage 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.