Oxbow Advisors LLC Acquires New Stake in Monster Beverage Corporation $MNST

Oxbow Advisors LLC purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50,289 shares of the company’s stock, valued at approximately $3,385,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in Monster Beverage by 22.7% during the 3rd quarter. Baillie Gifford & Co. now owns 328,793 shares of the company’s stock worth $22,131,000 after acquiring an additional 60,865 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Monster Beverage by 8.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 2,788 shares of the company’s stock worth $188,000 after purchasing an additional 213 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in Monster Beverage by 15.0% during the third quarter. UniSuper Management Pty Ltd now owns 68,438 shares of the company’s stock worth $4,607,000 after purchasing an additional 8,928 shares during the last quarter. Teacher Retirement System of Texas grew its position in Monster Beverage by 21.6% in the third quarter. Teacher Retirement System of Texas now owns 767,370 shares of the company’s stock valued at $51,652,000 after purchasing an additional 136,362 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in Monster Beverage in the 3rd quarter valued at $207,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $81.00 target price (up previously from $75.00) on shares of Monster Beverage in a report on Monday, December 1st. Wells Fargo & Company reiterated an “overweight” rating and set a $86.00 price objective (up previously from $83.00) on shares of Monster Beverage in a research note on Monday, January 5th. Exane BNP Paribas raised shares of Monster Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. The Goldman Sachs Group boosted their target price on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $73.00 price target (up previously from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.62.

Monster Beverage Stock Performance

MNST traded up $1.11 on Friday, reaching $82.00. The company had a trading volume of 4,393,530 shares, compared to its average volume of 4,630,743. The stock has a market cap of $80.12 billion, a P/E ratio of 46.59, a P/E/G ratio of 2.12 and a beta of 0.46. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $82.19. The company’s fifty day moving average is $75.94 and its 200 day moving average is $68.55.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. On average, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Activity

In other news, insider Guy Carling sold 38,438 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the sale, the insider owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 274,981 shares of company stock valued at $20,138,516. 8.30% of the stock is owned by company insiders.

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.