Siemens Fonds Invest GmbH Has $2.28 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Siemens Fonds Invest GmbH increased its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,340 shares of the company's stock after purchasing an additional 14,510 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Monster Beverage were worth $2,278,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC lifted its stake in shares of Monster Beverage by 8.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 187,235 shares of the company's stock worth $9,841,000 after acquiring an additional 14,055 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Monster Beverage by 31.8% during the 4th quarter. Royal Bank of Canada now owns 1,866,129 shares of the company's stock worth $98,083,000 after acquiring an additional 449,842 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Monster Beverage by 9.0% during the 4th quarter. Rafferty Asset Management LLC now owns 309,263 shares of the company's stock worth $16,255,000 after acquiring an additional 25,508 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Monster Beverage in the fourth quarter valued at $189,000. Finally, Redwood Investment Management LLC purchased a new stake in shares of Monster Beverage during the fourth quarter worth $3,684,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. The trade was a 12.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 8,796 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the sale, the insider now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 217,112 shares of company stock worth $12,033,838. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Monster Beverage stock traded up $0.09 during midday trading on Tuesday, reaching $62.99. 5,400,561 shares of the stock traded hands, compared to its average volume of 6,963,359. 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 firm has a fifty day moving average price of $58.66 and a two-hundred day moving average price of $54.34. The firm has a market cap of $61.43 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $63.16.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Monster Beverage's revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. On average, equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on MNST. Bank of America boosted their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Morgan Stanley upped their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. TD Cowen upped their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a report on Friday, May 9th. Piper Sandler increased their target price on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Truist Financial raised their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.