Element Capital Management LLC Makes New $1.55 Million Investment in Monster Beverage Corporation $MNST

Element Capital Management LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,169 shares of the company’s stock, valued at approximately $1,546,000.

Several other hedge funds also recently bought and sold shares of the stock. Capital Advisory Group Advisory Services LLC increased its position in Monster Beverage by 2.8% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after buying an additional 133 shares in the last quarter. Williams Jones Wealth Management LLC. increased its position in Monster Beverage by 2.2% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock worth $470,000 after buying an additional 134 shares in the last quarter. D.A. Davidson & CO. increased its position in Monster Beverage by 3.6% during the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after buying an additional 141 shares in the last quarter. Earned Wealth Advisors LLC increased its position in Monster Beverage by 3.8% during the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after buying an additional 151 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its position in shares of Monster Beverage by 1.4% in the fourth quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock valued at $853,000 after purchasing an additional 154 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a research report on Wednesday, March 11th. Morgan Stanley set a $103.00 price objective on Monster Beverage and gave the stock an “overweight” rating in a research note on Monday, June 1st. Citigroup boosted their price objective on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.35.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $91.66 on Thursday. The stock has a market cap of $89.64 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 3.06 and a beta of 0.54. Monster Beverage Corporation has a one year low of $58.09 and a one year high of $93.92. The business’s 50-day simple moving average is $83.33 and its 200 day simple moving average is $79.67.

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

Monster Beverage announced that its board has authorized a stock repurchase program on Friday, May 15th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 7,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the sale, the chief financial officer directly owned 62,553 shares of the company’s stock, valued at $5,492,778.93. This trade represents a 10.06% decrease in their position. The transaction 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 firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the sale, the insider directly owned 81,763 shares of the company’s stock, valued at approximately $7,028,347.48. This represents a 52.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 178,700 shares of company stock valued at $15,457,562. 8.10% of the stock is owned by corporate insiders.

About Monster Beverage

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.