5,603 Shares in Monster Beverage Corporation $MNST Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 5,603 shares of Monster Beverage Corporation valued at approximately $328,000 during the first quarter.
• Several research analysts have raised their price targets for Monster Beverage, with Piper Sandler setting a target of $74.00 and Royal Bank of Canada at $68.00, reflecting positive sentiment towards the stock.
• Monster Beverage's latest quarterly earnings indicated a 11.1% year-over-year revenue increase, reporting $2.11 billion in revenue and $0.52 EPS, exceeding estimates.

MBB Public Markets I LLC bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,603 shares of the company's stock, valued at approximately $328,000.

A number of other large investors have also recently made changes to their positions in the stock. Twin Capital Management Inc. lifted its holdings in Monster Beverage by 11.6% during the 1st quarter. Twin Capital Management Inc. now owns 5,213 shares of the company's stock worth $305,000 after purchasing an additional 540 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Monster Beverage by 2.4% in the first quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company's stock valued at $18,475,000 after acquiring an additional 7,465 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Monster Beverage by 76.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock valued at $3,915,000 after acquiring an additional 28,932 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Monster Beverage by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company's stock worth $75,455,000 after acquiring an additional 11,443 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in Monster Beverage by 3.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 423,548 shares of the company's stock worth $24,786,000 after purchasing an additional 15,493 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MNST shares. Roth Mkm upped their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. CICC Research raised Monster Beverage from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $56.00 to $65.00 in a report on Monday, May 12th. Piper Sandler raised shares of Monster Beverage from a "neutral" rating to an "overweight" rating and raised their target price for the company from $54.00 to $74.00 in a research note on Thursday, August 7th. UBS Group boosted their price target on shares of Monster Beverage from $64.00 to $67.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada set a $68.00 price objective on shares of Monster Beverage and gave the stock an "outperform" rating in a report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.10.

Monster Beverage Stock Up 0.9%

Monster Beverage stock opened at $63.02 on Tuesday. The firm has a fifty day simple moving average of $61.63 and a two-hundred day simple moving average of $60.24. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $66.75. The company has a market capitalization of $61.53 billion, a PE ratio of 39.14, a P/E/G ratio of 2.17 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, equities analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.80% of the company's stock.

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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