Deutsche Bank AG boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,072,946 shares of the company’s stock after buying an additional 25,435 shares during the period. Deutsche Bank AG’s holdings in Monster Beverage were worth $312,273,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC increased its stake in Monster Beverage by 2.8% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after buying an additional 133 shares in the last quarter. D.A. Davidson & CO. increased its stake in Monster Beverage by 3.6% during the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after buying an additional 141 shares in the last quarter. Earned Wealth Advisors LLC increased its stake in Monster Beverage by 3.8% during the 4th quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after buying an additional 151 shares in the last quarter. Sage Mountain Advisors LLC increased its stake in Monster Beverage by 1.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock worth $853,000 after buying an additional 154 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in Monster Beverage by 3.1% during the 4th quarter. Sowell Financial Services LLC now owns 5,622 shares of the company’s stock worth $431,000 after buying an additional 167 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup boosted their price objective on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Bank of America cut their price objective on Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley set a $103.00 price target on Monster Beverage and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, TD Cowen dropped their price target on 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 equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.05.
Insider Buying and Selling
In related news, Director Mark J. Hall sold 54,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the transaction, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 88,700 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the completion of the transaction, the insider owned 81,763 shares of the company’s stock, valued at $7,028,347.48. The trade was a 52.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 159,700 shares of company stock worth $13,730,462. Company insiders own 8.10% of the company’s stock.
Monster Beverage Price Performance
MNST stock opened at $91.21 on Thursday. The business has a 50 day simple moving average of $81.36 and a 200-day simple moving average of $79.02. The firm has a market capitalization of $89.20 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $91.47.
Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. On average, equities research analysts expect that Monster Beverage Corporation will post 2.31 EPS for the current year.
Monster Beverage declared that its Board of Directors has authorized a stock repurchase program on Friday, May 15th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
Monster Beverage 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.
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