8,090 Shares in Monster Beverage Corporation $MNST Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 8,090 shares of the company’s stock, valued at approximately $545,000.

A number of other large investors have also added to or reduced their stakes in the company. Access Investment Management LLC purchased a new stake in shares of Monster Beverage during the second quarter valued at about $25,000. Salomon & Ludwin LLC bought a new position in shares of Monster Beverage during the 2nd quarter worth approximately $28,000. Newbridge Financial Services Group Inc. lifted its position in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after acquiring an additional 146 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in Monster Beverage by 647.3% in the second quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after acquiring an additional 479 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the sale, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 274,981 shares of company stock worth $20,138,516. Company insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $76.26 on Friday. The stock’s 50-day simple moving average is $71.48 and its 200-day simple moving average is $65.96. The firm has a market capitalization of $74.51 billion, a PE ratio of 43.33, a P/E/G ratio of 2.26 and a beta of 0.48. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $77.17.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Argus upgraded Monster Beverage to a “strong-buy” rating in a report on Tuesday, November 25th. Evercore ISI increased their price target on Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Jefferies Financial Group restated a “buy” rating and set a $79.00 price target on shares of Monster Beverage in a research note on Tuesday, November 4th. Finally, Piper Sandler set a $85.00 price objective on shares of Monster Beverage in a research report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.