Nomura Holdings Inc. Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Nomura Holdings Inc. increased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 49.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,259 shares of the company’s stock after acquiring an additional 21,797 shares during the period. Nomura Holdings Inc.’s holdings in Monster Beverage were worth $3,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Monster Beverage in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Monster Beverage during the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Monster Beverage during the fourth quarter worth about $33,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $62.33 on Friday. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $62.46. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a market cap of $60.78 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.28 and a beta of 0.63. The company has a 50 day moving average of $58.34 and a 200 day moving average of $54.17.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business earned $0.42 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Monster Beverage from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 14th. Piper Sandler upped their price objective on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Morgan Stanley raised their target price on Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and a consensus target price of $60.50.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the sale, the director now directly owns 296,846 shares of the company’s stock, valued at $16,178,107. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock worth $11,484,440 over the last ninety days. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Company 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.