Simplicity Wealth LLC Makes New $1.13 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

Simplicity Wealth LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,087 shares of the company's stock, valued at approximately $1,131,000.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in Monster Beverage by 8.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company's stock worth $1,017,000 after buying an additional 1,482 shares during the period. Corient Private Wealth LLC lifted its position in Monster Beverage by 112.2% during the 3rd quarter. Corient Private Wealth LLC now owns 195,272 shares of the company's stock worth $10,339,000 after buying an additional 103,271 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Monster Beverage during the fourth quarter valued at approximately $7,340,000. Defender Capital LLC. boosted its holdings in shares of Monster Beverage by 30.2% in the 4th quarter. Defender Capital LLC. now owns 371,077 shares of the company's stock valued at $21,378,000 after buying an additional 86,050 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its stake in Monster Beverage by 9.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 10,268 shares of the company's stock valued at $590,000 after acquiring an additional 900 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.20 during trading hours on Tuesday, hitting $53.38. 5,398,669 shares of the stock were exchanged, compared to its average volume of 5,608,475. The company's fifty day simple moving average is $56.06 and its two-hundred day simple moving average is $56.16. The company has a market cap of $55.61 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business posted $0.38 EPS. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus cut their price objective on Monster Beverage from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Monday, April 29th. Truist Financial downgraded shares of Monster Beverage from a "buy" rating to a "sell" rating and reduced their target price for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. UBS Group lowered their price target on shares of Monster Beverage from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group upped their target price on Monster Beverage from $66.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Monster Beverage from $64.00 to $63.00 and set a "buy" rating for the company in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Monster Beverage presently has an average rating of "Moderate Buy" and an average price target of $61.32.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.80% of the stock is currently owned by insiders.

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.

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