Fideuram Asset Management Ireland dac Takes $855,000 Position in Monster Beverage Corporation $MNST

Fideuram Asset Management Ireland dac bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,153 shares of the company’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Capital Advisory Group Advisory Services LLC boosted its stake in shares of Monster Beverage by 2.8% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after buying an additional 133 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Monster Beverage by 3.6% during the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after buying an additional 141 shares during the last quarter. Earned Wealth Advisors LLC boosted its stake in shares of Monster Beverage by 3.8% during the 4th quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after buying an additional 151 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Monster Beverage by 1.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock worth $853,000 after purchasing an additional 154 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its holdings in Monster Beverage by 3.2% in the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock worth $353,000 after purchasing an additional 161 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Monster Beverage stock opened at $88.08 on Friday. The company has a market cap of $86.14 billion, a PE ratio of 42.55, a P/E/G ratio of 2.90 and a beta of 0.50. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $89.85. The company has a fifty day moving average price of $78.73 and a two-hundred day moving average price of $77.98.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage announced that its board has initiated a share repurchase plan on Friday, May 15th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MNST shares. Evercore lifted their price objective on shares of Monster Beverage from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Citigroup lifted their price objective on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus decreased their price objective on shares of Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $87.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Piper Sandler lifted their price objective on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.89.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 54,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the sale, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. This trade represents a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Emelie Tirre sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the sale, the insider owned 71,763 shares in the company, valued at $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,700 shares of company stock worth $13,730,462. 8.10% of the stock is owned by insiders.

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.