Two Sigma Advisers LP Purchases New Stake in Monster Beverage Co. (NASDAQ:MNST)

Two Sigma Advisers LP purchased a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 153,009 shares of the company's stock, valued at approximately $8,042,000.

A number of other institutional investors have also modified their holdings of MNST. Merit Financial Group LLC grew its stake in shares of Monster Beverage by 25.1% during the 4th quarter. Merit Financial Group LLC now owns 6,653 shares of the company's stock worth $350,000 after purchasing an additional 1,335 shares during the period. UMB Bank n.a. grew its holdings in Monster Beverage by 57.4% during the 4th quarter. UMB Bank n.a. now owns 2,223 shares of the company's stock valued at $117,000 after buying an additional 811 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Monster Beverage by 8.6% during the fourth quarter. Ballentine Partners LLC now owns 4,705 shares of the company's stock valued at $247,000 after acquiring an additional 373 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Monster Beverage by 14.0% during the fourth quarter. Atomi Financial Group Inc. now owns 9,321 shares of the company's stock valued at $490,000 after acquiring an additional 1,142 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in Monster Beverage in the 4th quarter worth about $216,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the transaction, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 8,796 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider now owns 89,501 shares in the company, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 217,112 shares of company stock worth $12,033,838. Insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Piper Sandler lifted their price target on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Morgan Stanley raised their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. TD Cowen lifted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Finally, Citigroup increased their price target on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Monster Beverage has a consensus rating of "Moderate Buy" and a consensus target price of $60.81.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded down $0.65 during trading on Thursday, reaching $63.12. The company had a trading volume of 1,252,617 shares, compared to its average volume of 6,881,754. The stock has a market capitalization of $61.56 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $64.45. The company has a fifty day moving average of $59.67 and a two-hundred day moving average of $54.78.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. Equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

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.