OLD Mission Capital LLC Buys New Position in Monster Beverage Co. (NASDAQ:MNST)

OLD Mission Capital LLC purchased a new position in Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,596 shares of the company’s stock, valued at approximately $3,973,000.

A number of other large investors have also modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Monster Beverage during the fourth quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Monster Beverage during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage in the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in Monster Beverage in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark J. Hall sold 12,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the completion of the sale, the director now directly owns 296,846 shares in the company, valued at $16,178,107. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the transaction, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 over the last quarter. 7.80% of the stock is currently owned by insiders.

Monster Beverage Price Performance

Monster Beverage stock opened at $59.04 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company’s fifty day moving average price is $52.56 and its 200 day moving average price is $52.53. The stock has a market capitalization of $57.46 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $59.07.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. UBS Group increased their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley lifted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. BNP Paribas cut their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.