NEOS Investment Management LLC Grows Holdings in Monster Beverage Corporation $MNST

NEOS Investment Management LLC increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 60.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 399,063 shares of the company’s stock after acquiring an additional 151,099 shares during the quarter. NEOS Investment Management LLC’s holdings in Monster Beverage were worth $26,861,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Access Investment Management LLC bought a new stake in shares of Monster Beverage during the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. increased its position in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after acquiring an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. bought a new stake in Monster Beverage during the 3rd quarter valued at $27,000. Salomon & Ludwin LLC bought a new stake in Monster Beverage during the 2nd quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. boosted its position in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on MNST shares. JPMorgan Chase & Co. raised their price target on Monster Beverage from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $81.00 price target (up from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. The Goldman Sachs Group lifted their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. UBS Group reissued a “neutral” rating and set a $84.00 price objective (up previously from $75.00) on shares of Monster Beverage in a research report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Monster Beverage in a research note on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.90.

Monster Beverage Trading Up 0.4%

Shares of MNST opened at $81.48 on Tuesday. The stock has a 50 day simple moving average of $78.32 and a 200-day simple moving average of $71.09. Monster Beverage Corporation has a 1 year low of $48.95 and a 1 year high of $83.24. The stock has a market cap of $79.61 billion, a PE ratio of 46.30, a PEG ratio of 2.12 and a beta of 0.45.

Insiders Place Their Bets

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the 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 transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The disclosure for this sale is available in the SEC filing. 7.80% of the stock is owned by insiders.

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.