Vise Technologies Inc. Acquires Shares of 3,931 Monster Beverage Co. (NASDAQ:MNST)

Vise Technologies Inc. bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,931 shares of the company's stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Monster Beverage by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock valued at $8,101,000 after acquiring an additional 7,780 shares during the period. Alliance Wealth Advisors LLC UT acquired a new position in Monster Beverage during the 4th quarter valued at $423,000. SYM FINANCIAL Corp bought a new stake in Monster Beverage in the 4th quarter valued at $557,000. Empower Advisory Group LLC grew its position in Monster Beverage by 6.5% in the 4th quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company's stock worth $66,340,000 after purchasing an additional 77,278 shares during the last quarter. Finally, Elevate Capital Advisors LLC acquired a new stake in Monster Beverage in the 4th quarter worth $1,624,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the sale, the chief financial officer now owns 69,273 shares of the company's stock, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This represents a 54.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 244,112 shares of company stock valued at $13,745,638. 8.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MNST. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Jefferies Financial Group raised their price objective on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Truist Financial boosted their price objective 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 upped their target price on Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Citigroup raised their target price on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Monster Beverage currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.81.

Monster Beverage Price Performance

Monster Beverage stock traded down $0.12 during trading hours on Monday, hitting $63.83. 5,070,141 shares of the stock were exchanged, compared to its average volume of 6,792,306. The stock has a market capitalization of $62.25 billion, a P/E ratio of 40.92, a P/E/G ratio of 2.28 and a beta of 0.63. The business's 50-day moving average is $60.02 and its two-hundred day moving average is $54.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released 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. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the company earned $0.42 EPS. Monster Beverage's revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

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.