Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 50.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,340 shares of the company's stock after buying an additional 14,510 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Monster Beverage were worth $2,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Monster Beverage by 5.3% during the 4th quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock valued at $8,101,000 after buying an additional 7,780 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in shares of Monster Beverage during the 4th quarter worth approximately $423,000. SYM FINANCIAL Corp bought a new stake in shares of Monster Beverage during the 4th quarter worth approximately $557,000. Empower Advisory Group LLC lifted its stake in shares of Monster Beverage by 6.5% during the 4th quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company's stock worth $66,340,000 after acquiring an additional 77,278 shares during the last quarter. Finally, Elevate Capital Advisors LLC bought a new stake in Monster Beverage during the 4th quarter valued at $1,624,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded up $0.03 during mid-day trading on Friday, reaching $63.67. 13,500,761 shares of the stock traded hands, compared to its average volume of 6,799,253. The business has a 50-day moving average of $59.90 and a 200 day moving average of $54.87. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $64.45. The stock has a market capitalization of $62.09 billion, a PE ratio of 40.81, a PEG ratio of 2.28 and a beta of 0.63. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MNST. Truist Financial lifted their target price on Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, April 23rd. Morgan Stanley boosted their price target on Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Piper Sandler upped their target price on Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Roth Capital upped their price target on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.81.

Insider Activity

In other news, Director Mark J. Hall sold 48,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the sale, the director now directly owns 296,846 shares in the company, valued at $16,293,876.94. This represents a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at $3,994,528.71. This trade represents a 12.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 217,112 shares of company stock worth $12,033,838 over the last ninety days. Corporate insiders own 8.30% of the company's stock.

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.