Twinbeech Capital LP Buys Shares of 353,558 Monster Beverage Co. (NASDAQ:MNST)

Twinbeech Capital LP bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 353,558 shares of the company's stock, valued at approximately $18,583,000.

Several other large investors have also modified their holdings of MNST. Park Avenue Securities LLC boosted its position in shares of Monster Beverage by 2.7% during the fourth quarter. Park Avenue Securities LLC now owns 18,470 shares of the company's stock valued at $971,000 after buying an additional 486 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Monster Beverage by 25.1% in the fourth quarter. Merit Financial Group LLC now owns 6,653 shares of the company's stock valued at $350,000 after purchasing an additional 1,335 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Monster Beverage by 20.9% in the fourth quarter. Brooklyn Investment Group now owns 4,245 shares of the company's stock valued at $223,000 after purchasing an additional 734 shares during the period. Premier Path Wealth Partners LLC purchased a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $222,000. Finally, HB Wealth Management LLC boosted its holdings in shares of Monster Beverage by 29.2% in the fourth quarter. HB Wealth Management LLC now owns 11,654 shares of the company's stock valued at $613,000 after purchasing an additional 2,631 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $62.86 on Monday. The business's fifty day simple moving average is $58.49 and its 200-day simple moving average is $54.26. The company has a market cap of $61.30 billion, a PE ratio of 40.30, a PEG ratio of 2.28 and a beta of 0.63. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $62.97.

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

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at $4,220,011.38. This represents a 54.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. The trade was a 12.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 8.30% of the company's stock.

Analysts Set New Price Targets

MNST has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Bank of America boosted their price target on Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a report on Friday, April 25th. Roth Capital boosted their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Roth Mkm boosted their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $60.50.

About Monster Beverage

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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