Sustainable Insight Capital Management LLC Invests $934,000 in Monster Beverage Corporation $MNST

Sustainable Insight Capital Management LLC bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,182 shares of the company’s stock, valued at approximately $934,000.

Other large investors also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its holdings 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 purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings 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 purchasing an additional 415 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Monster Beverage during the 3rd quarter worth $36,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Monster Beverage during the 3rd quarter worth $42,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Monster Beverage during the 3rd quarter worth $45,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.9%

NASDAQ:MNST opened at $92.03 on Friday. The stock’s 50-day simple moving average is $81.75 and its 200 day simple moving average is $79.16. The firm has a market capitalization of $90.01 billion, a PE ratio of 44.46, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $92.46.

Monster Beverage (NASDAQ:MNST) last posted its 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 the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. On average, analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Monster Beverage declared that its board has approved a stock repurchase plan on Friday, May 15th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group set a $100.00 price objective on Monster Beverage in a research note on Wednesday, March 11th. Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a research note on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.05.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 88,700 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the completion of the transaction, the insider directly owned 81,763 shares in the company, valued at approximately $7,028,347.48. This trade represents a 52.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Hall sold 54,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the transaction, the director owned 299,246 shares of the company’s stock, valued at $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,700 shares of company stock worth $13,730,462. 8.10% of the stock is currently owned by 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.