Monster Beverage Corporation $MNST Stake Trimmed by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,995 shares of the company’s stock after selling 7,581 shares during the quarter. Monster Beverage accounts for about 1.8% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 2nd largest position. Landscape Capital Management L.L.C.’s holdings in Monster Beverage were worth $26,144,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Capital Advisory Group Advisory Services LLC lifted its holdings in Monster Beverage by 2.8% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after purchasing an additional 133 shares in the last quarter. Williams Jones Wealth Management LLC. lifted its holdings in Monster Beverage by 2.2% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock valued at $470,000 after purchasing an additional 134 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Monster Beverage by 3.6% during the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares in the last quarter. Earned Wealth Advisors LLC lifted its holdings in Monster Beverage by 3.8% during the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after purchasing an additional 151 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its holdings in Monster Beverage by 1.4% during the fourth quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock valued at $853,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In related news, insider Emelie Tirre sold 10,000 shares of the business’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 sale, the insider owned 71,763 shares in the company, valued at approximately $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Guy Carling sold 19,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the completion of the sale, the chief executive officer owned 21,863 shares in the company, valued at $1,987,346.70. This represents a 46.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 178,700 shares of company stock worth $15,457,562. Company insiders own 8.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on MNST. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $87.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Piper Sandler boosted their target price 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. Citigroup boosted their target price 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. Finally, Rothschild & Co Redburn raised shares of Monster Beverage from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $90.00 in a report on Wednesday, May 6th. Fourteen equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.35.

Monster Beverage Stock Performance

MNST stock opened at $92.83 on Friday. Monster Beverage Corporation has a one year low of $58.09 and a one year high of $93.08. The company’s fifty day moving average price is $82.16 and its 200-day moving average price is $79.26. The company has a market capitalization of $90.79 billion, a PE ratio of 44.85, a price-to-earnings-growth ratio of 3.06 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, research analysts predict that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Monster Beverage announced that its Board of Directors has authorized a stock repurchase program on Friday, May 15th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.