13,556 Shares in Monster Beverage Corporation $MNST Acquired by Friedenthal Financial

Friedenthal Financial bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,556 shares of the company’s stock, valued at approximately $982,000.

Other large investors also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its holdings in shares of 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 purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. MV Capital Management Inc. bought a new stake in Monster Beverage in the fourth quarter worth $30,000. Kemnay Advisory Services Inc. acquired a new position in Monster Beverage during the fourth quarter worth $35,000. Finally, Triumph Capital Management acquired a new position in Monster Beverage during the third quarter worth $36,000. 72.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark J. Hall sold 54,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the transaction, the director directly owned 299,246 shares of the company’s stock, valued at $25,678,299.26. The trade was a 15.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Emelie Tirre sold 88,700 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 81,763 shares of the company’s stock, valued at approximately $7,028,347.48. This trade represents a 52.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 178,700 shares of company stock worth $15,457,562 over the last quarter. 8.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MNST shares. Wells Fargo & Company boosted their price target on Monster Beverage from $87.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Royal Bank Of Canada increased their price objective on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Piper Sandler raised their price objective on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a research note on Thursday, June 18th. Finally, Sanford C. Bernstein began coverage on Monster Beverage in a report on Friday, June 12th. They issued a “market perform” rating and a $95.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.35.

Monster Beverage Price Performance

Monster Beverage stock opened at $94.70 on Thursday. The firm has a market cap of $92.62 billion, a price-to-earnings ratio of 45.75, a P/E/G ratio of 3.08 and a beta of 0.54. Monster Beverage Corporation has a fifty-two week low of $58.09 and a fifty-two week high of $95.75. The firm has a fifty day moving average price of $85.13 and a two-hundred day moving average price of $80.32.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, sell-side analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its Board of Directors has initiated a share buyback program on Friday, May 15th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 0.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management 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.