Board of the Pension Protection Fund Lowers Position in Monster Beverage Corporation (NASDAQ:MNST)

Board of the Pension Protection Fund trimmed its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 66.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,900 shares of the company's stock after selling 11,900 shares during the quarter. Board of the Pension Protection Fund's holdings in Monster Beverage were worth $345,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MNST. PDS Planning Inc increased its position in Monster Beverage by 11.7% during the 1st quarter. PDS Planning Inc now owns 4,848 shares of the company's stock worth $284,000 after purchasing an additional 508 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Monster Beverage by 69.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 28,734 shares of the company's stock valued at $1,682,000 after buying an additional 11,815 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Monster Beverage by 3,425.9% in the first quarter. Golden State Wealth Management LLC now owns 2,045 shares of the company's stock valued at $120,000 after buying an additional 1,987 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Monster Beverage by 284.2% in the first quarter. Spire Wealth Management now owns 2,109 shares of the company's stock valued at $123,000 after buying an additional 1,560 shares in the last quarter. Finally, Lecap Asset Management Ltd. grew its holdings in Monster Beverage by 7.0% during the first quarter. Lecap Asset Management Ltd. now owns 36,833 shares of the company's stock worth $2,155,000 after acquiring an additional 2,409 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Roth Capital raised their target price on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Truist Financial increased their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, April 23rd. Stifel Nicolaus initiated coverage on shares of Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 price objective on the stock. Bank of America upped 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, Jefferies Financial Group lifted their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two equities 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 company. Based on data from MarketBeat, Monster Beverage presently has an average rating of "Moderate Buy" and an average target price of $62.05.

Monster Beverage Trading Down 0.0%

Shares of Monster Beverage stock opened at $62.19 on Friday. Monster Beverage Corporation has a fifty-two week low of $43.32 and a fifty-two week high of $64.45. The business's fifty day moving average is $61.88 and its two-hundred day moving average is $56.06. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03. The firm has a market cap of $60.65 billion, a PE ratio of 40.91, a P/E/G ratio of 2.20 and a beta of 0.60.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the firm posted $0.42 earnings per share. The business's quarterly revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 8,796 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage 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 completion of the transaction, the chief financial officer now owns 69,273 shares in the company, valued at $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.30% 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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