Shepherd Street Advisors LLC Makes New Investment in Monster Beverage Corporation $MNST

Shepherd Street Advisors LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the fourth quarter, Holdings Channel reports. The firm purchased 9,998 shares of the company’s stock, valued at approximately $767,000.

A number of other hedge funds also recently bought and sold shares of MNST. Physician Wealth Advisors Inc. boosted its position in Monster Beverage by 508.1% during the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. Triumph Capital Management purchased a new position in Monster Beverage during the third quarter worth approximately $36,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Monster Beverage during the third quarter worth approximately $42,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the sale, the insider owned 71,763 shares of the company’s stock, valued at approximately $6,152,959.62. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Hall sold 54,000 shares of the 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 completion of the sale, the director directly owned 299,246 shares of the company’s stock, valued at approximately $25,678,299.26. This represents a 15.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 159,700 shares of company stock valued at $13,730,462. 8.10% of the stock is currently owned by insiders.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $88.24 on Wednesday. The business has a 50 day simple moving average of $79.04 and a two-hundred day simple moving average of $78.15. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $89.86. The stock has a market capitalization of $86.30 billion, a P/E ratio of 42.63, a PEG ratio of 2.93 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Monster Beverage announced that its board has approved a stock repurchase plan on Friday, May 15th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on MNST. Bank of America lowered their price target on Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Morgan Stanley set a $103.00 price target on Monster Beverage and gave the stock an “overweight” rating in a research report on Monday. Citigroup increased their target price on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 27th. Argus increased their target price on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Rothschild & Co Redburn raised Monster Beverage from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $90.00 in a report on Wednesday, May 6th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.05.

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.