Vise Technologies Inc. Makes New $207,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. JT Stratford LLC purchased a new stake in shares of Monster Beverage during the fourth quarter worth about $1,974,000. Novem Group bought a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $773,000. Taylor Hoffman Capital Management LLC lifted its stake in shares of Monster Beverage by 2.8% during the 4th quarter. Taylor Hoffman Capital Management LLC now owns 53,150 shares of the company's stock worth $2,794,000 after acquiring an additional 1,466 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Monster Beverage by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,406,131 shares of the company's stock worth $284,146,000 after acquiring an additional 493,914 shares during the last quarter. Finally, USS Investment Management Ltd bought a new stake in shares of Monster Beverage during the 4th quarter worth approximately $7,387,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler raised their price objective on Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Roth Capital boosted 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. Roth Mkm boosted their price objective on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. The Goldman Sachs Group set a $67.00 price objective on Monster Beverage and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, TD Cowen upped their price target on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.81.

Insider Activity

In other Monster Beverage news, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the sale, the insider now directly owns 89,501 shares in the company, valued at $5,590,232.46. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Guy Carling sold 47,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the sale, the insider now owns 21,993 shares in the company, valued at approximately $1,210,054.86. This represents a 68.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,112 shares of company stock worth $12,033,838. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Trading Up 0.0%

Monster Beverage stock traded up $0.03 during mid-day trading on Friday, hitting $63.67. The company's stock had a trading volume of 13,500,761 shares, compared to its average volume of 6,853,910. The firm has a market capitalization of $62.09 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $64.45. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average is $59.90 and its two-hundred day moving average is $54.88.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.42 earnings per share. On average, analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.

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.