Groupama Asset Managment Trims Stake in Monster Beverage Corporation $MNST

Groupama Asset Managment reduced its position in Monster Beverage Corporation (NASDAQ:MNST) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,860 shares of the company’s stock after selling 7,518 shares during the quarter. Groupama Asset Managment’s holdings in Monster Beverage were worth $2,136,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Harbor Investment Advisory LLC increased its stake in Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. MV Capital Management Inc. bought a new position in Monster Beverage in the fourth quarter worth approximately $30,000. Kemnay Advisory Services Inc. purchased a new position in Monster Beverage during the 4th quarter worth $35,000. Finally, Triumph Capital Management purchased a new position in Monster Beverage during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, CEO Guy Carling sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total value of $1,727,100.00. Following the sale, the chief executive officer directly owned 21,863 shares in the company, valued at approximately $1,987,346.70. This trade represents a 46.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of Monster Beverage stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the transaction, the chief financial officer directly owned 62,553 shares in the company, valued at approximately $5,492,778.93. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 178,700 shares of company stock valued at $15,457,562 over the last 90 days. 8.10% of the stock is currently owned by corporate insiders.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $91.34 on Friday. The stock has a market capitalization of $89.33 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $93.92. The business has a fifty day moving average price of $84.04 and a 200 day moving average price of $79.87.

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 the consensus estimate of $0.53 by $0.05. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.47 earnings per share. As a group, equities research analysts anticipate that Monster Beverage Corporation will post 2.31 earnings per share for the current fiscal year.

Monster Beverage declared that its Board of Directors has initiated a share repurchase program on Friday, May 15th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently issued reports on MNST. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a research report on Wednesday, March 11th. Piper Sandler lifted their price objective on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Argus raised their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.35.

About Monster Beverage

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.