Financiere des Professionnels Fonds d investissement inc. decreased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 16.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 34,744 shares of the company’s stock after selling 6,655 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Monster Beverage were worth $2,664,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its stake in shares of Monster Beverage by 136.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $36,000. Redmont Wealth Advisors LLC acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $42,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 72.36% of the company’s stock.
Insider Transactions at Monster Beverage
In other news, Director Mark J. Hall sold 54,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the transaction, the director directly owned 299,246 shares of the company’s stock, valued at $25,678,299.26. This trade represents a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction that occurred 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,700 shares of company stock valued at $13,730,462 over the last ninety days. Corporate insiders own 8.10% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on MNST
Monster Beverage Price Performance
Monster Beverage stock opened at $91.21 on Thursday. The firm’s 50 day simple moving average is $81.36 and its 200-day simple moving average is $79.02. The company has a market cap of $89.20 billion, a P/E ratio of 44.06, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. Monster Beverage Corporation has a fifty-two week low of $58.09 and a fifty-two week high of $91.47.
Monster Beverage (NASDAQ:MNST – Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. On average, analysts expect that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.
Monster Beverage declared that its Board of Directors has approved a share buyback plan on Friday, May 15th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Monster Beverage Company 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.
See Also
- Five stocks we like better than Monster Beverage
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST – Free Report).
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.
