SG Trading Solutions LLC Acquires Shares of 6,463 Monster Beverage Corporation $MNST

SG Trading Solutions LLC bought a new position in Monster Beverage Corporation (NASDAQ:MNST) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,463 shares of the company’s stock, valued at approximately $496,000.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Monster Beverage by 397.9% during the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after acquiring an additional 12,148 shares during the period. Sivia Capital Partners LLC raised its stake in Monster Beverage by 247.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after acquiring an additional 9,251 shares during the period. Cresset Asset Management LLC raised its stake in Monster Beverage by 23.9% in the 2nd quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock valued at $417,000 after acquiring an additional 1,281 shares during the period. Federated Hermes Inc. lifted its holdings in Monster Beverage by 55.9% during the second quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock valued at $301,000 after purchasing an additional 1,721 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Monster Beverage by 151.7% during the second quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock worth $2,134,000 after purchasing an additional 20,538 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MNST shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Sanford C. Bernstein assumed coverage on shares of Monster Beverage in a research note on Friday, June 12th. They issued a “market perform” rating and a $95.00 price objective for the company. Argus boosted their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company raised their price target on shares of Monster Beverage from $87.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Fourteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.35.

Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the completion of the sale, the insider directly owned 71,763 shares of the company’s stock, valued at approximately $6,152,959.62. The trade was a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the transaction, the chief financial officer owned 62,553 shares of the company’s stock, valued at $5,492,778.93. This trade represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 178,700 shares of company stock worth $15,457,562. Corporate insiders own 8.10% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $91.34 on Friday. The business has a 50-day moving average of $84.04 and a 200-day moving average of $79.87. The firm has a market capitalization of $89.33 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 3.01 and a beta of 0.54. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $93.92.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. 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 firm posted $0.47 earnings per share. Monster Beverage’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts predict that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its Board of Directors has authorized a share buyback plan 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 plans are often an indication that the company’s management believes its stock is 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.