Townsquare Capital LLC boosted its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 21.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,248 shares of the company's stock after acquiring an additional 21,938 shares during the period. Townsquare Capital LLC's holdings in Monster Beverage were worth $7,213,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in MNST. Wayfinding Financial LLC bought a new position in shares of Monster Beverage during the 1st quarter worth approximately $29,000. Park Square Financial Group LLC bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $36,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after buying an additional 495 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 37.1% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after buying an additional 196 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Monster Beverage during the 1st quarter worth approximately $43,000. 72.36% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Monster Beverage
In other 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 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 represents a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction on Thursday, May 29th. The stock was 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. 8.30% of the stock is currently owned by corporate insiders.
Monster Beverage Stock Up 6.4%
Shares of NASDAQ:MNST opened at $64.69 on Friday. The company has a market capitalization of $63.09 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.36 and a beta of 0.55. 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 business has a fifty day moving average price of $61.55 and a two-hundred day moving average price of $58.05. Monster Beverage Corporation has a 1 year low of $45.19 and a 1 year high of $66.75.
Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a return on equity of 28.71% and a net margin of 20.54%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MNST. Truist Financial increased their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, April 23rd. Wells Fargo & Company set a $73.00 price target on Monster Beverage and gave the stock an "overweight" rating in a report on Friday. Piper Sandler upgraded Monster Beverage from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $54.00 to $74.00 in a report on Thursday. Royal Bank Of Canada set a $68.00 price target on Monster Beverage and gave the stock an "outperform" rating in a report on Friday. Finally, Stifel Nicolaus started coverage on Monster Beverage in a research report on Thursday, June 12th. They set a "buy" rating and a $72.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.90.
Get Our Latest Stock Report on Monster Beverage
Monster Beverage Company Profile
(
Free Report)
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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