Collaborative Fund Advisors LLC Takes $432,000 Position in Monster Beverage Corporation $MNST

Collaborative Fund Advisors LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,959 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Monster Beverage in the fourth quarter valued at approximately $691,104,000. Massachusetts Financial Services Co. MA grew its holdings in Monster Beverage by 7,360.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock worth $474,695,000 after acquiring an additional 6,108,420 shares during the period. Wellington Management Group LLP grew its holdings in Monster Beverage by 133.4% during the 4th quarter. Wellington Management Group LLP now owns 8,499,546 shares of the company’s stock worth $651,660,000 after acquiring an additional 4,858,109 shares during the period. State Street Corp raised its position in shares of Monster Beverage by 8.0% during the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after acquiring an additional 2,789,273 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Monster Beverage by 71.4% during the 3rd quarter. Capital Research Global Investors now owns 5,033,066 shares of the company’s stock valued at $338,765,000 after acquiring an additional 2,096,575 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on MNST shares. TD Cowen reduced their price target on Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus cut their target price on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Rothschild & Co Redburn upgraded Monster Beverage from a “neutral” rating to a “buy” rating and raised their target price for the stock from $76.00 to $90.00 in a report on Wednesday, May 6th. UBS Group restated a “neutral” rating and set a $84.00 target price (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Finally, Wall Street Zen cut Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Fourteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $89.35.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $97.60 on Monday. The company has a fifty day moving average price of $88.09 and a 200 day moving average price of $81.46. The firm has a market cap of $95.45 billion, a PE ratio of 47.15, a PEG ratio of 3.21 and a beta of 0.53. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $98.93.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 earnings per share. Equities research analysts forecast that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage declared that its board has approved a share buyback program on Friday, May 15th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the transaction, the chief financial officer owned 62,553 shares of the company’s stock, valued at $5,492,778.93. This represents a 10.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the completion of the sale, the insider owned 71,763 shares in the company, valued at $6,152,959.62. This trade represents a 12.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is currently owned by insiders.

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.