Monster Beverage Corporation $MNST Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 283,574 shares of the company’s stock after acquiring an additional 6,737 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Monster Beverage were worth $21,742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MNST. Physician Wealth Advisors Inc. increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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 acquired a new stake in shares of Monster Beverage during the third quarter worth about $36,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Monster Beverage during the third quarter worth about $42,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, 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 value of $614,670.00. Following the sale, the chief financial officer owned 62,553 shares of the company’s stock, valued at approximately $5,492,778.93. The trade was a 10.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the sale, the insider directly owned 71,763 shares in the company, valued at $6,152,959.62. This represents a 12.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 159,700 shares of company stock valued at $13,730,462. 8.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MNST has been the topic of a number of research analyst reports. Bank of America cut their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. UBS Group restated a “neutral” rating and issued a $84.00 price target (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Piper Sandler boosted their price target on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus dropped their price target on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.05.

Monster Beverage Trading Up 1.2%

Shares of MNST opened at $89.10 on Tuesday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $89.86. The stock’s 50 day moving average is $79.04 and its two-hundred day moving average is $78.15. The firm has a market capitalization of $87.14 billion, a PE ratio of 43.04, a P/E/G ratio of 2.90 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, sell-side analysts predict that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage announced that its Board of Directors has authorized a share buyback plan on Friday, May 15th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

About Monster Beverage

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.