Montrusco Bolton Investments Inc. Has $303.73 Million Position in Monster Beverage Corporation (NASDAQ:MNST)

Montrusco Bolton Investments Inc. increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 54.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,366,126 shares of the company's stock after acquiring an additional 1,897,466 shares during the period. Monster Beverage comprises approximately 4.0% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 9th biggest holding. Montrusco Bolton Investments Inc. owned about 0.55% of Monster Beverage worth $303,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MNST. Wayfinding Financial LLC purchased a new stake in shares of Monster Beverage during the first quarter worth $29,000. Coppell Advisory Solutions LLC raised its holdings in Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock valued at $36,000 after buying an additional 495 shares in the last quarter. Park Square Financial Group LLC bought a new position in Monster Beverage during the fourth quarter valued at about $36,000. CVA Family Office LLC raised its holdings in Monster Beverage by 28.6% during the first quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock valued at $89,000 after buying an additional 338 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Monster Beverage by 511.3% during the first quarter. Larson Financial Group LLC now owns 1,675 shares of the company's stock valued at $98,000 after buying an additional 1,401 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNST. Piper Sandler raised their target price on Monster Beverage from $51.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, May 9th. TD Cowen raised their target price on Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a report on Friday, May 9th. Stifel Nicolaus began coverage on Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 target price on the stock. Rothschild & Co Redburn lowered Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 target price on the stock. in a report on Wednesday, July 9th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Monster Beverage has an average rating of "Hold" and an average target price of $61.91.

Monster Beverage Stock Performance

MNST stock traded down $0.09 during trading on Friday, reaching $59.00. 5,424,956 shares of the stock were exchanged, compared to its average volume of 6,005,228. Monster Beverage Corporation has a twelve month low of $43.32 and a twelve month high of $64.45. The company has a market capitalization of $57.54 billion, a P/E ratio of 38.82, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59. The stock has a 50 day simple moving average of $62.35 and a 200-day simple moving average of $56.96. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business earned $0.42 earnings per share. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side 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, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares of the company's stock, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider owned 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is owned by company insiders.

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.