4,449 Shares in Monster Beverage Co. (NASDAQ:MNST) Acquired by Team Hewins LLC

Team Hewins LLC bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNSTFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,449 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC grew its stake in Monster Beverage by 112.2% during the 3rd quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock worth $10,339,000 after buying an additional 103,271 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Monster Beverage by 19.6% during the third quarter. Victory Capital Management Inc. now owns 760,842 shares of the company’s stock worth $40,287,000 after acquiring an additional 124,716 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Monster Beverage during the third quarter valued at about $480,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Monster Beverage by 14.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 9,368 shares of the company’s stock valued at $496,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Monster Beverage by 6.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 763,381 shares of the company’s stock valued at $40,421,000 after purchasing an additional 49,465 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MNST has been the topic of a number of recent analyst reports. Redburn Atlantic initiated coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating on the stock. Piper Sandler upped their target price on Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. lowered Monster Beverage from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. HSBC dropped their price target on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group increased their price objective on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.32.

Read Our Latest Research Report on Monster Beverage

Insider Buying and Selling at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The sale was disclosed in a filing with the SEC, which is available at this link. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

MNST stock traded up $0.06 during midday trading on Friday, hitting $52.70. 7,137,661 shares of the stock traded hands, compared to its average volume of 6,545,818. The stock’s fifty day simple moving average is $55.47 and its 200-day simple moving average is $56.07. The firm has a market cap of $54.90 billion, a P/E ratio of 33.14, a PEG ratio of 2.21 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNSTGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. Monster Beverage’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. On average, research analysts predict that Monster Beverage Co. will post 1.77 earnings per share for the current year.

About Monster Beverage

(Free Report)

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.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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