Jefferies Financial Group Inc. Purchases Shares of 113,882 Monster Beverage Corporation $MNST

Jefferies Financial Group Inc. purchased a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 113,882 shares of the company’s stock, valued at approximately $7,665,000.

Several other institutional investors have also recently made changes to their positions in the business. Physician Wealth Advisors Inc. boosted its holdings in shares of Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Monster Beverage during the third quarter valued at approximately $27,000. First Horizon Corp purchased a new stake in Monster Beverage during the third quarter valued at approximately $29,000. Armstrong Advisory Group Inc. raised its position in Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake 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 acquiring an additional 415 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MNST shares. Bank of America boosted their price objective on shares of Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Evercore raised their target price on Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. BMO Capital Markets reissued a “market perform” rating and set a $73.00 price target (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Argus upped their price target on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group raised their price objective on Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.14.

Insider Activity

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider directly owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

MNST opened at $75.72 on Tuesday. The stock has a market cap of $73.98 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44. The firm’s fifty day moving average is $80.15 and its 200 day moving average is $73.10. Monster Beverage Corporation has a fifty-two week low of $54.00 and a fifty-two week high of $87.38.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, equities research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Profile

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.