OMERS ADMINISTRATION Corp Has $1.71 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

OMERS ADMINISTRATION Corp increased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,499 shares of the company’s stock after acquiring an additional 5,272 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Monster Beverage were worth $1,708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MNST. Sustainable Insight Capital Management LLC purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $1,214,000. Van ECK Associates Corp raised its stake in shares of Monster Beverage by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 154,125 shares of the company’s stock valued at $8,101,000 after acquiring an additional 7,780 shares in the last quarter. Alliance Wealth Advisors LLC UT acquired a new stake in Monster Beverage in the 4th quarter valued at approximately $423,000. SYM FINANCIAL Corp acquired a new stake in Monster Beverage in the 4th quarter valued at approximately $557,000. Finally, Empower Advisory Group LLC grew its holdings in shares of Monster Beverage by 6.5% during the 4th quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company’s stock worth $66,340,000 after purchasing an additional 77,278 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares of the company’s stock, valued at $4,220,011.38. This trade represents a 54.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock worth $11,484,440 in the last 90 days. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Truist Financial upped their price objective on Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. UBS Group boosted their target price on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Roth Capital boosted their target price on Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Citigroup upped their price objective on Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.50.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $62.33 on Friday. The firm has a market cap of $60.78 billion, a P/E ratio of 39.96, a price-to-earnings-growth 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 1-year low of $43.32 and a 1-year high of $62.46. The business’s 50 day moving average is $58.34 and its 200-day moving average is $54.17.

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

Monster Beverage Company 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.