Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,698 shares of the company’s stock after purchasing an additional 20,619 shares during the period. NEOS Investment Management LLC’s holdings in Monster Beverage were worth $5,923,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage during the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in Monster Beverage in the 4th quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Guy Carling sold 47,000 shares of Monster Beverage stock in a transaction dated 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. This trade 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 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MNST shares. UBS Group increased their price objective on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley raised their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Citigroup lifted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.83.

Monster Beverage Trading Up 1.4 %

Shares of NASDAQ:MNST opened at $58.58 on Friday. The business’s 50 day moving average price is $52.02 and its 200-day moving average price is $52.33. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.09. The firm has a market capitalization of $57.01 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal 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.