Monster Beverage Corporation $MNST Position Increased by DJE Kapital AG

DJE Kapital AG raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,400 shares of the company’s stock after buying an additional 11,000 shares during the period. DJE Kapital AG’s holdings in Monster Beverage were worth $3,824,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC raised its holdings in Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after buying an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings 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 buying an additional 415 shares in the last quarter. Triumph Capital Management bought a new position in Monster Beverage during the third quarter valued at about $36,000. KERR FINANCIAL PLANNING Corp bought a new position in Monster Beverage during the third quarter valued at about $45,000. Finally, Redmont Wealth Advisors LLC bought a new position in Monster Beverage during the third quarter valued at about $42,000. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $85.74, for a total transaction of $857,400.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the sale, the chief financial officer directly owned 62,553 shares in the company, valued at approximately $5,492,778.93. This trade represents a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,700 shares of company stock valued at $13,730,462 over the last three months. 8.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on MNST shares. Stifel Nicolaus cut their target price on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Piper Sandler raised their target price on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Bank of America lowered their price target on Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Argus raised their price target on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, TD Cowen lowered their price target on Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $89.05.

Monster Beverage Stock Up 0.9%

MNST stock opened at $92.03 on Friday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $92.46. The company has a market cap of $90.01 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. The business’s 50-day simple moving average is $81.75 and its 200 day simple moving average is $79.16.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Friday, May 8th. The company reported $0.58 earnings per share 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 for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage announced that its board has authorized a share repurchase program on Friday, May 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.