LVM Capital Management Ltd. MI Takes $545,000 Position in Monster Beverage Corporation $MNST

LVM Capital Management Ltd. MI purchased a new position in Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,090 shares of the company’s stock, valued at approximately $545,000.

Several other large investors also recently added to or reduced their stakes in MNST. waypoint wealth counsel purchased a new position in Monster Beverage during the second quarter worth $314,000. Prudential PLC lifted its holdings in shares of Monster Beverage by 76.4% in the 2nd quarter. Prudential PLC now owns 108,930 shares of the company’s stock worth $6,823,000 after acquiring an additional 47,165 shares during the last quarter. VestGen Advisors LLC boosted its stake in shares of Monster Beverage by 449.4% during the 2nd quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock worth $1,376,000 after purchasing an additional 17,974 shares during the period. Swiss National Bank boosted its stake in shares of Monster Beverage by 7.4% during the 2nd quarter. Swiss National Bank now owns 2,209,500 shares of the company’s stock worth $138,403,000 after purchasing an additional 152,300 shares during the period. Finally, OMNI 360 Wealth Inc. bought a new position in Monster Beverage during the 2nd quarter valued at about $365,000. 72.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MNST shares. UBS Group raised their price objective on shares of Monster Beverage from $72.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.00 target price on shares of Monster Beverage in a research note on Tuesday, November 4th. Wall Street Zen raised Monster Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. The Goldman Sachs Group boosted their price objective on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Argus upgraded Monster Beverage to a “strong-buy” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.67.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Guy Carling sold 38,438 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the transaction, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 274,981 shares of company stock worth $20,138,516 over the last three months. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $76.26 on Friday. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $77.17. The firm has a market capitalization of $74.51 billion, a price-to-earnings ratio of 43.33, a PEG ratio of 2.26 and a beta of 0.48. The stock has a 50 day moving average price of $71.48 and a 200 day moving average price of $65.96.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business posted $0.41 EPS. Monster Beverage’s quarterly revenue was up 16.8% on a year-over-year basis. Analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.