4,331 Shares in Monster Beverage Co. (NASDAQ:MNST) Acquired by Optas LLC

Optas LLC bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,331 shares of the company's stock, valued at approximately $253,000.

Several other large investors also recently added to or reduced their stakes in MNST. SBI Securities Co. Ltd. bought a new position in shares of Monster Beverage in the fourth quarter worth about $31,000. Park Square Financial Group LLC purchased a new stake in Monster Beverage in the 4th quarter worth approximately $36,000. Coppell Advisory Solutions LLC raised its stake in Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after acquiring an additional 495 shares during the period. CVA Family Office LLC raised its stake in Monster Beverage by 28.6% during the 1st quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock worth $89,000 after acquiring an additional 338 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in Monster Beverage by 541.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company's stock valued at $90,000 after purchasing an additional 1,446 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the completion of the sale, the insider now directly owns 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the transaction, the chief financial officer now owns 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Monster Beverage from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Bank of America increased their target price on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Piper Sandler boosted their price target on Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Roth Mkm increased their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.05.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $63.06 on Monday. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 40.42, a price-to-earnings-growth ratio of 2.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock has a 50 day moving average price of $60.95 and a 200-day moving average price of $55.51. Monster Beverage Co. has a one year low of $43.32 and a one year high of $64.45.

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

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.

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