Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 19.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,499 shares of the company's stock after purchasing an additional 5,272 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Monster Beverage were worth $1,708,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MNST. Sustainable Insight Capital Management LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth $1,214,000. Van ECK Associates Corp raised its stake in Monster Beverage by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock worth $8,101,000 after acquiring an additional 7,780 shares during the last quarter. Alliance Wealth Advisors LLC UT acquired a new stake in Monster Beverage during the 4th quarter worth about $423,000. SYM FINANCIAL Corp purchased a new stake in Monster Beverage during the 4th quarter valued at about $557,000. Finally, Empower Advisory Group LLC increased its holdings in shares of Monster Beverage by 6.5% in the fourth quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company's stock valued at $66,340,000 after purchasing an additional 77,278 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Guy Carling sold 47,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. The trade was a 68.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the firm'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 completion of the sale, the insider now directly owns 76,201 shares of the company's stock, valued at $4,220,011.38. This trade represents a 54.51% 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 worth $11,484,440. 8.30% of the stock is owned by insiders.

Monster Beverage Price Performance

NASDAQ:MNST traded up $0.04 during trading hours on Monday, hitting $62.90. 4,009,498 shares of the stock were exchanged, compared to its average volume of 6,966,950. The firm's fifty day moving average price is $58.49 and its 200 day moving average price is $54.26. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $63.25. The company has a market cap of $61.34 billion, a P/E ratio of 40.32, a P/E/G 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 (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating 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 company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $0.42 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MNST. CICC Research upgraded shares of Monster Beverage from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $56.00 to $65.00 in a report on Monday, May 12th. Piper Sandler raised their target price on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Jefferies Financial Group lifted their price objective on Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Truist Financial upped their target price on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Finally, Roth Capital lifted their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and a consensus price target of $60.50.

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.