Lecap Asset Management Ltd. Has $2.16 Million Stock Position in Monster Beverage Corporation (NASDAQ:MNST)

Lecap Asset Management Ltd. increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,833 shares of the company’s stock after purchasing an additional 2,409 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Monster Beverage were worth $2,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Monster Beverage in the fourth quarter valued at approximately $31,000. Coppell Advisory Solutions LLC lifted its position in shares of Monster Beverage by 259.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock worth $36,000 after purchasing an additional 495 shares during the period. Park Square Financial Group LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at $36,000. CVA Family Office LLC increased its position in shares of Monster Beverage by 28.6% during the first quarter. CVA Family Office LLC now owns 1,519 shares of the company’s stock worth $89,000 after buying an additional 338 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Monster Beverage by 541.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company’s stock worth $90,000 after buying an additional 1,446 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.6%

Shares of NASDAQ:MNST opened at $63.57 on Wednesday. The business’s 50 day moving average is $61.72 and its 200 day moving average is $55.95. Monster Beverage Corporation has a 12-month low of $43.32 and a 12-month high of $64.45. The stock has a market cap of $62.00 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.24 and a beta of 0.60. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm earned $0.42 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial increased their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a “sell” rating in a report on Wednesday, April 23rd. Roth Capital raised their target price on Monster Beverage from $50.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 14th. Citigroup boosted their price target on Monster Beverage from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 14th. Bank of America increased their price target on Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Finally, CICC Research upgraded shares of Monster Beverage from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $56.00 to $65.00 in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.05.

Insiders Place Their Bets

In related news, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the sale, the chief financial officer now directly owns 69,273 shares in the company, valued at approximately $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emelie Tirre sold 8,796 shares of the company’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the transaction, the insider now owns 89,501 shares of the company’s stock, valued at $5,590,232.46. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Monster Beverage Profile

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.