SG Trading Solutions LLC Makes New $496,000 Investment in Monster Beverage Corporation $MNST

SG Trading Solutions LLC acquired a new position in Monster Beverage Corporation (NASDAQ:MNST) in the fourth quarter, HoldingsChannel reports. The firm acquired 6,463 shares of the company’s stock, valued at approximately $496,000.

A number of other institutional investors also recently made changes to their positions in MNST. Capital Advisory Group Advisory Services LLC grew its holdings in shares of 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 valued at $371,000 after purchasing an additional 133 shares during the last quarter. Williams Jones Wealth Management LLC. increased its holdings in shares of Monster Beverage by 2.2% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock worth $470,000 after buying an additional 134 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Monster Beverage by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after buying an additional 141 shares during the period. Earned Wealth Advisors LLC increased its holdings in shares of Monster Beverage by 3.8% in the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after buying an additional 151 shares during the period. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Monster Beverage by 1.4% in the 4th quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock valued at $853,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MNST shares. Morgan Stanley set a $103.00 target price on Monster Beverage and gave the company an “overweight” rating in a report on Monday, June 1st. Piper Sandler increased their price objective on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Bank of America cut their target price on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company lifted their target price on shares of Monster Beverage from $87.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Argus upped their price target on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Fourteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $89.35.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 10,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the transaction, the insider directly owned 71,763 shares of the company’s stock, valued at approximately $6,152,959.62. The trade was a 12.23% 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, CEO Guy Carling sold 19,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the completion of the transaction, the chief executive officer owned 21,863 shares of the company’s stock, valued at $1,987,346.70. This trade represents a 46.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is currently owned by insiders.

Monster Beverage Stock Performance

NASDAQ MNST opened at $91.34 on Friday. Monster Beverage Corporation has a fifty-two week low of $58.09 and a fifty-two week high of $93.92. The stock has a 50 day simple moving average of $84.04 and a two-hundred day simple moving average of $79.87. The stock has a market cap of $89.33 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.47 earnings per share. Sell-side analysts predict that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its board has initiated a stock buyback plan on Friday, May 15th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board 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.