William Allan Corp Increases Stake in Monster Beverage Corporation (NASDAQ:MNST)

William Allan Corp lifted its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,005 shares of the company's stock after buying an additional 6,874 shares during the quarter. William Allan Corp's holdings in Monster Beverage were worth $1,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MNST. Wayfinding Financial LLC acquired a new position in shares of Monster Beverage in the first quarter worth approximately $29,000. Coppell Advisory Solutions LLC grew its stake 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 acquiring an additional 495 shares during the period. Park Square Financial Group LLC purchased a new stake in Monster Beverage during the 4th quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in 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 purchasing an additional 196 shares in the last quarter. Finally, CVA Family Office LLC increased its position 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 institutional investors.

Insider Transactions at Monster Beverage

In other Monster Beverage news, 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 completion of the transaction, the chief financial officer directly owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the sale, the insider directly owned 89,501 shares in the company, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent analyst reports. Roth Capital upped their price objective on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Morgan Stanley lifted their price target on Monster Beverage from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Piper Sandler raised their target price on Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. UBS Group raised their price objective on Monster Beverage from $63.00 to $64.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group lifted their target price on Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage currently has an average rating of "Hold" and an average price target of $61.91.

Monster Beverage Stock Up 0.3%

Monster Beverage stock traded up $0.16 during midday trading on Tuesday, hitting $59.59. 3,995,504 shares of the stock were exchanged, compared to its average volume of 5,990,396. Monster Beverage Corporation has a 52-week low of $43.32 and a 52-week high of $64.45. The stock has a market capitalization of $58.12 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.59. The business's 50-day moving average price is $62.30 and its 200-day moving average price is $57.07. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The company's quarterly 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 earnings per share. On average, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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.