Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 60.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268,541 shares of the company’s stock after purchasing an additional 100,807 shares during the quarter. Xponance Inc.’s holdings in Monster Beverage were worth $15,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Monster Beverage by 8.4% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock worth $1,017,000 after purchasing an additional 1,482 shares during the period. Corient Private Wealth LLC lifted its position in shares of Monster Beverage by 112.2% during the 3rd quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock valued at $10,339,000 after buying an additional 103,271 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Monster Beverage during the 4th quarter valued at approximately $7,340,000. Defender Capital LLC. lifted its position in shares of Monster Beverage by 30.2% during the 4th quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock valued at $21,378,000 after buying an additional 86,050 shares in the last quarter. Finally, Marshall Financial Group LLC purchased a new position in shares of Monster Beverage during the 4th quarter valued at approximately $1,848,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. increased their target price on Monster Beverage from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. The Goldman Sachs Group increased their target price on Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. UBS Group raised their price objective on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, Citigroup lifted their target price on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.11.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.40% of the stock is owned by insiders.

Monster Beverage Trading Down 0.1 %

Shares of MNST stock opened at $53.38 on Friday. The company’s 50-day moving average price is $57.24 and its 200-day moving average price is $55.49. The stock has a market cap of $55.55 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.11 and a beta of 0.72. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts predict that Monster Beverage Co. will post 1.81 EPS for the current year.

About Monster Beverage

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.