Win Advisors Inc. Purchases New Holdings in Monster Beverage Co. (NASDAQ:MNST)

Win Advisors Inc. bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,864 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also recently bought and sold shares of the company. Tokio Marine Asset Management Co. Ltd. grew its holdings in Monster Beverage by 8.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock worth $1,017,000 after acquiring an additional 1,482 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Monster Beverage by 112.2% in the 3rd quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock valued at $10,339,000 after buying an additional 103,271 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Monster Beverage in the 4th quarter valued at $7,340,000. Defender Capital LLC. grew its holdings in shares of Monster Beverage by 30.2% in the 4th quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock valued at $21,378,000 after buying an additional 86,050 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Monster Beverage by 9.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,268 shares of the company’s stock valued at $590,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.1 %

NASDAQ:MNST traded down $0.04 on Wednesday, reaching $53.41. 2,075,533 shares of the stock traded hands, compared to its average volume of 5,335,632. The company has a market capitalization of $55.64 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.22 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. The company’s fifty day simple moving average is $56.91 and its 200 day simple moving average is $55.77.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $1.73 billion for 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 firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Monster Beverage Co. will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now owns 777,840 shares in the company, valued at $45,542,532. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 9.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MNST shares. Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and cut their price objective for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Citigroup boosted their price objective on shares of Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Stifel Nicolaus cut their price target on shares of Monster Beverage from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group boosted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. cut shares of Monster Beverage from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $59.00 in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.68.

About Monster Beverage

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.