15,831 Shares in Monster Beverage Corporation $MNST Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,831 shares of the company’s stock, valued at approximately $1,066,000.

A number of other large investors also recently added to or reduced their stakes in MNST. Jones Financial Companies Lllp grew its stake in shares of Monster Beverage by 397.9% in the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after buying an additional 12,148 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after acquiring an additional 9,251 shares in the last quarter. TIAA Trust National Association purchased a new position in Monster Beverage during the 2nd quarter valued at about $258,000. Sigma Planning Corp grew its position in Monster Beverage by 100.9% in the 2nd quarter. Sigma Planning Corp now owns 10,578 shares of the company’s stock valued at $663,000 after acquiring an additional 5,313 shares in the last quarter. Finally, Huntington National Bank grew its position in Monster Beverage by 18.9% in the 2nd quarter. Huntington National Bank now owns 4,997 shares of the company’s stock valued at $313,000 after acquiring an additional 793 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Down 2.4%

Shares of Monster Beverage stock opened at $76.70 on Friday. Monster Beverage Corporation has a 52-week low of $54.00 and a 52-week high of $87.38. The company has a market capitalization of $74.94 billion, a P/E ratio of 39.54, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a 50 day moving average of $80.22 and a 200 day moving average of $72.82.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. As a group, research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the sale, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of several research reports. TD Cowen increased their price target on shares of Monster Beverage from $80.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 target price (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Jefferies Financial Group increased their target price on shares of Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Zacks Research cut shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Monster Beverage from $83.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.14.

Monster Beverage Company 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.