Capital International Sarl Has $9.62 Million Position in Monster Beverage Corporation $MNST

Capital International Sarl reduced its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 21.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 125,457 shares of the company’s stock after selling 34,366 shares during the quarter. Capital International Sarl’s holdings in Monster Beverage were worth $9,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its stake in Monster Beverage by 136.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after buying an additional 415 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Monster Beverage during the 3rd quarter worth about $36,000. Redmont Wealth Advisors LLC acquired a new position in shares of Monster Beverage during the 3rd quarter worth about $42,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Monster Beverage during the 3rd quarter worth about $45,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST opened at $89.55 on Monday. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $90.44. The firm has a market cap of $87.58 billion, a P/E ratio of 43.26, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The firm’s 50-day simple moving average is $80.27 and its 200 day simple moving average is $78.65.

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

Monster Beverage announced that its board has initiated a share buyback plan on Friday, May 15th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on MNST shares. Morgan Stanley set a $103.00 price objective on shares of Monster Beverage and gave the stock an “overweight” rating in a research note on Monday, June 1st. Rothschild & Co Redburn upgraded shares of Monster Beverage from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $90.00 in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Piper Sandler boosted their price objective on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, UBS Group restated a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a research note on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $89.05.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $87.81, for a total value of $614,670.00. Following the transaction, the chief financial officer owned 62,553 shares in the company, valued at approximately $5,492,778.93. This represents a 10.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 88,700 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $85.96, for a total transaction of $7,624,652.00. Following the completion of the transaction, the insider owned 81,763 shares in the company, valued at approximately $7,028,347.48. This trade represents a 52.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,700 shares of company stock worth $13,730,462. Insiders own 8.10% of the company’s stock.

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.