Skopos Labs Inc. Takes $231,000 Position in Monster Beverage Co. (NASDAQ:MNST)

Skopos Labs Inc. acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNSTFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,006 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC raised its stake in Monster Beverage by 112.2% during the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock worth $10,339,000 after acquiring an additional 103,271 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Monster Beverage during the fourth quarter worth about $7,340,000. Defender Capital LLC. raised its stake in Monster Beverage by 30.2% during the fourth quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock worth $21,378,000 after acquiring an additional 86,050 shares during the period. Norges Bank acquired a new stake in Monster Beverage during the fourth quarter worth about $517,035,000. Finally, Harvest Fund Management Co. Ltd raised its stake in Monster Beverage by 9.6% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 10,268 shares of the company’s stock worth $590,000 after acquiring an additional 900 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the transaction, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MNST shares. Royal Bank of Canada upped their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. BMO Capital Markets decreased their target price on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Redburn Atlantic started coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They issued a “buy” rating for the company. Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their target price for the stock from $65.00 to $46.00 in a research report on Thursday, April 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $61.32.

Get Our Latest Research Report on MNST

Monster Beverage Stock Performance

Shares of Monster Beverage stock traded up $0.06 during midday trading on Friday, reaching $52.70. 7,137,661 shares of the company’s stock traded hands, compared to its average volume of 6,545,818. The company has a market cap of $54.90 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. The company’s 50 day simple moving average is $55.47 and its 200 day simple moving average is $56.07. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

Monster Beverage (NASDAQ:MNSTGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. As a group, equities 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.

Further Reading

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

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