Silver Oak Securities Incorporated Makes New $1.20 Million Investment in Monster Beverage Co. (NASDAQ:MNST)

Silver Oak Securities Incorporated acquired a new position in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,826 shares of the company’s stock, valued at approximately $1,200,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Monster Beverage by 20.3% in the third quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock valued at $1,033,323,000 after acquiring an additional 3,296,466 shares during the last quarter. Northern Trust Corp boosted its stake in Monster Beverage by 3.3% in the third quarter. Northern Trust Corp now owns 7,638,653 shares of the company’s stock valued at $404,467,000 after acquiring an additional 243,401 shares during the last quarter. Nordea Investment Management AB boosted its stake in Monster Beverage by 6.2% in the third quarter. Nordea Investment Management AB now owns 5,211,419 shares of the company’s stock valued at $278,238,000 after acquiring an additional 305,086 shares during the last quarter. American Century Companies Inc. boosted its stake in Monster Beverage by 33.5% in the third quarter. American Century Companies Inc. now owns 3,782,074 shares of the company’s stock valued at $200,261,000 after acquiring an additional 948,133 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in Monster Beverage by 61.5% in the third quarter. William Blair Investment Management LLC now owns 3,431,785 shares of the company’s stock valued at $181,713,000 after acquiring an additional 1,307,482 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Price Performance

NASDAQ MNST opened at $53.34 on Monday. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The stock has a market capitalization of $55.51 billion, a PE ratio of 34.43, a P/E/G ratio of 2.18 and a beta of 0.72. The company’s 50 day simple moving average is $56.97 and its two-hundred day simple moving average is $55.68.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, research analysts anticipate that Monster Beverage Co. will post 1.81 EPS for the current year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction on 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 transaction, the director now owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and dropped their target price for the company from $65.00 to $46.00 in a research note on Thursday. HSBC dropped their target price on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. UBS Group upped their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Redburn Atlantic began coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating on the stock. Finally, Citigroup upped their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.79.

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.