Monster Beverage Corporation $MNST Stock Holdings Lifted by MUFG Securities EMEA plc

MUFG Securities EMEA plc lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 114.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 29,255 shares of the company’s stock after acquiring an additional 15,612 shares during the period. MUFG Securities EMEA plc’s holdings in Monster Beverage were worth $2,243,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its stake in shares of Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after acquiring an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after acquiring an additional 315 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in shares of Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Monster Beverage during the 3rd quarter worth about $36,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Monster Beverage during the 3rd quarter worth about $45,000. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, insider Emelie Tirre sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the sale, the insider directly owned 71,763 shares in the company, valued at approximately $6,152,959.62. This represents a 12.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $87.81, for a total value of $614,670.00. Following the completion of the sale, the chief financial officer owned 62,553 shares in the company, valued at approximately $5,492,778.93. This represents a 10.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,700 shares of company stock worth $13,730,462. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MNST shares. Morgan Stanley set a $103.00 price target on Monster Beverage and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler upped their price target on Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a research note on Wednesday, March 11th. TD Cowen cut their price objective on Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price objective on Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.05.

Monster Beverage Stock Up 1.2%

Monster Beverage stock opened at $89.10 on Tuesday. The business has a 50 day moving average price of $79.04 and a two-hundred day moving average price of $78.15. The stock has a market cap of $87.14 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 2.90 and a beta of 0.54. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $89.86.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current fiscal year.

Monster Beverage announced that its board has authorized a stock repurchase plan on Friday, May 15th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

About Monster Beverage

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.