Syon Capital LLC Buys 1,217 Shares of Monster Beverage Co. (NASDAQ:MNST)

Syon Capital LLC raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,435 shares of the company’s stock after acquiring an additional 1,217 shares during the period. Syon Capital LLC’s holdings in Monster Beverage were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Peoples Bank KS purchased a new stake in shares of Monster Beverage during the third quarter valued at approximately $26,000. Headinvest LLC purchased a new stake in shares of Monster Beverage during the 3rd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Monster Beverage during the 3rd quarter valued at $31,000. Catalyst Capital Advisors LLC raised its stake in shares of Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after purchasing an additional 199 shares during the period. Finally, DT Investment Partners LLC purchased a new position in shares of Monster Beverage in the 3rd quarter worth about $53,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Trading Up 0.4 %

MNST stock opened at $53.37 on Friday. The firm has a 50 day moving average of $56.97 and a 200-day moving average of $55.60. The firm has a market capitalization of $55.54 billion, a P/E ratio of 34.43, a price-to-earnings-growth ratio of 2.17 and a beta of 0.72. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts predict that Monster Beverage Co. will post 1.81 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group raised their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. HSBC dropped their price objective on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Truist Financial downgraded Monster Beverage from a “buy” rating to a “sell” rating and decreased their target price for the stock from $65.00 to $46.00 in a research report on Thursday. Finally, Citigroup upped their price target on Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.79.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.40% of the stock is owned by corporate insiders.

Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.