Motley Fool Asset Management LLC Acquires 23,447 Shares of Monster Beverage Corporation $MNST

Motley Fool Asset Management LLC lifted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 30.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,500 shares of the company’s stock after purchasing an additional 23,447 shares during the period. Motley Fool Asset Management LLC’s holdings in Monster Beverage were worth $7,782,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in MNST. Harbor Investment Advisory LLC boosted its position in Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Monster Beverage by 1,338.7% during the 2nd 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 during the period. Triumph Capital Management purchased a new stake in Monster Beverage during the 3rd quarter valued at $36,000. Redmont Wealth Advisors LLC purchased a new stake in Monster Beverage during the 3rd quarter valued at $42,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Monster Beverage during the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the completion of the transaction, the insider directly owned 71,763 shares of the company’s stock, valued at $6,152,959.62. This trade represents a 12.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $87.81, for a total transaction of $614,670.00. Following the transaction, the chief financial officer directly owned 62,553 shares of the company’s stock, valued at approximately $5,492,778.93. This trade represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 159,700 shares of company stock valued at $13,730,462. Company insiders own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group set a $100.00 price target on shares of Monster Beverage in a research report on Wednesday, March 11th. Piper Sandler increased their price target on shares of Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on shares of Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Argus increased their price target on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Morgan Stanley set a $103.00 price target on shares of Monster Beverage and gave the company an “overweight” rating in a research report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $89.05.

Monster Beverage Trading Up 1.9%

NASDAQ:MNST opened at $90.15 on Wednesday. The company has a 50-day moving average price of $80.97 and a 200-day moving average price of $78.89. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $90.49. The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 43.55, a P/E/G ratio of 2.92 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last posted 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. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company posted $0.47 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

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

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.