Pacific Point Advisors LLC Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Pacific Point Advisors LLC bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,131 shares of the company's stock, valued at approximately $1,373,000. Monster Beverage comprises approximately 0.8% of Pacific Point Advisors LLC's holdings, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sustainable Insight Capital Management LLC acquired a new stake in Monster Beverage during the fourth quarter worth approximately $1,214,000. Van ECK Associates Corp increased its stake in shares of Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock worth $8,101,000 after purchasing an additional 7,780 shares during the period. Alliance Wealth Advisors LLC UT acquired a new stake in Monster Beverage during the 4th quarter worth approximately $423,000. SYM FINANCIAL Corp bought a new stake in Monster Beverage in the 4th quarter valued at $557,000. Finally, Empower Advisory Group LLC boosted its stake in Monster Beverage by 6.5% in the 4th quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company's stock valued at $66,340,000 after purchasing an additional 77,278 shares during the period. Institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. The trade was a 54.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Guy Carling sold 47,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the transaction, the insider now owns 21,993 shares of the company's stock, valued at $1,210,054.86. This trade represents a 68.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,112 shares of company stock valued at $12,033,838. 7.80% of the stock is owned by insiders.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded down $0.18 during trading on Wednesday, reaching $64.06. 1,297,722 shares of the company's stock were exchanged, compared to its average volume of 6,911,819. The firm's 50-day moving average price is $59.54 and its 200 day moving average price is $54.71. The company has a market cap of $62.47 billion, a P/E ratio of 41.09, a PEG ratio of 2.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $64.44.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. 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 report on Friday, May 9th. TD Cowen lifted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. Bank of America increased their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, Piper Sandler raised their target price on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.81.

Monster Beverage Company 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.