Rise Advisors LLC Raises Stake in Monster Beverage Co. (NASDAQ:MNST)

Rise Advisors LLC increased its position in Monster Beverage Co. (NASDAQ:MNST) by 187.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 716 shares of the company’s stock after buying an additional 467 shares during the period. Rise Advisors LLC’s holdings in Monster Beverage were worth $42,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in Monster Beverage in the 4th quarter valued at $27,000. Headinvest LLC purchased a new stake in Monster Beverage in the 3rd quarter valued at about $28,000. Tortoise Investment Management LLC increased its stake in shares of Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Monster Beverage by 40.8% during the 4th quarter. Quent Capital LLC now owns 1,180 shares of the company’s stock worth $68,000 after acquiring an additional 342 shares during the period. Finally, Annapolis Financial Services LLC boosted its position in shares of Monster Beverage by 272.5% in the fourth quarter. Annapolis Financial Services LLC now owns 1,542 shares of the company’s stock worth $89,000 after acquiring an additional 1,128 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the transaction, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 307,221 shares of company stock worth $16,070,374. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on MNST shares. Stifel Nicolaus cut their price target on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler increased their target price on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $65.00 target price on shares of Monster Beverage in a report on Friday, June 14th. JPMorgan Chase & Co. lowered Monster Beverage from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. Finally, BMO Capital Markets cut their price objective on Monster Beverage from $58.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.79.

Monster Beverage Trading Up 0.5 %

NASDAQ MNST opened at $48.68 on Friday. The stock has a market cap of $50.71 billion, a P/E ratio of 30.62, a PEG ratio of 1.92 and a beta of 0.76. The company’s fifty day simple moving average is $52.75 and its 200-day simple moving average is $55.49. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, research analysts expect that Monster Beverage Co. will post 1.76 EPS for the current fiscal year.

Monster Beverage 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.