Monster Beverage Corporation (NASDAQ:MNST) is Sather Financial Group Inc's 7th Largest Position

Key Points

• Sather Financial Group Inc increased its stake in Monster Beverage Corporation by 3.7%, owning over 1 million shares, making it the firm's 7th largest holding.
• Monster Beverage's Q1 earnings report showed a beat on EPS at $0.47, though revenue fell short of expectations at $1.85 billion, marking a 2.3% year-over-year decline.
• Several analysts have varying ratings for Monster Beverage, with a consensus target price of $61.91, indicating a general "Hold" rating among them.

Sather Financial Group Inc boosted its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,069,451 shares of the company's stock after purchasing an additional 37,805 shares during the period. Monster Beverage comprises 4.1% of Sather Financial Group Inc's investment portfolio, making the stock its 7th largest position. Sather Financial Group Inc owned 0.11% of Monster Beverage worth $62,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Wayfinding Financial LLC purchased a new position in Monster Beverage during the 1st quarter valued at $29,000. Coppell Advisory Solutions LLC boosted its holdings in Monster Beverage by 259.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after acquiring an additional 495 shares in the last quarter. Park Square Financial Group LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after purchasing an additional 196 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in shares of Monster Beverage by 28.6% in the first quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock worth $89,000 after purchasing an additional 338 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

MNST traded up $0.09 on Wednesday, reaching $61.48. 1,127,206 shares of the stock were exchanged, compared to its average volume of 5,992,856. The company's 50-day moving average price is $62.04 and its 200 day moving average price is $57.45. Monster Beverage Corporation has a fifty-two week low of $43.32 and a fifty-two week high of $64.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.37 and a quick ratio of 2.78. The firm has a market capitalization of $59.96 billion, a PE ratio of 40.45, a PEG ratio of 2.16 and a beta of 0.59.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 8,796 shares of Monster Beverage 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 completion of the transaction, the insider owned 89,501 shares in the company, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated 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 owned 69,273 shares of the company's stock, 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. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MNST. Bank of America upped their price objective on Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Truist Financial upped their price objective on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Roth Capital increased their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. CICC Research raised Monster Beverage from a "market perform" rating to an "outperform" rating and increased their price target for the company from $56.00 to $65.00 in a research note on Monday, May 12th. Finally, Stifel Nicolaus initiated coverage on Monster Beverage in a research note on Thursday, June 12th. They issued a "buy" rating and a $72.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.91.

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.