Capstone Capital Management Ltd Makes New Investment in Monster Beverage Corporation $MNST

Capstone Capital Management Ltd acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,735 shares of the company’s stock, valued at approximately $670,000.

Several other institutional investors and hedge funds also recently modified their holdings of MNST. Physician Wealth Advisors Inc. lifted its stake in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after buying an additional 315 shares in the last quarter. Harbor Investment Advisory LLC grew 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 worth $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of 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 acquiring an additional 415 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Monster Beverage during the 3rd quarter valued at about $29,000. Finally, Triumph Capital Management purchased a new position in shares of Monster Beverage in the third quarter valued at $36,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $88.54 on Tuesday. The company’s fifty day moving average price is $76.78 and its two-hundred day moving average price is $76.78. The firm has a market capitalization of $86.59 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.50. Monster Beverage Corporation has a 52-week low of $58.09 and a 52-week high of $88.77.

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

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

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the completion of the transaction, the chief financial officer owned 62,553 shares in the company, valued at approximately $5,492,778.93. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark J. Hall sold 54,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $85.81, for a total transaction of $4,633,740.00. Following the completion of the transaction, the director directly owned 299,246 shares of the company’s stock, valued at approximately $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,700 shares of company stock worth $13,730,462. 8.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Piper Sandler increased their price target on Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Stifel Nicolaus cut their price target on shares of Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, TD Cowen reduced their price target on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.89.

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.