Stevens Capital Management LP Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Stevens Capital Management LP bought a new position in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,272 shares of the company’s stock, valued at approximately $592,000.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of Monster Beverage by 7.9% during the 3rd quarter. CWM LLC now owns 13,220 shares of the company’s stock valued at $700,000 after buying an additional 965 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Monster Beverage by 14.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,945 shares of the company’s stock worth $315,000 after buying an additional 729 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Monster Beverage by 101.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 18,384 shares of the company’s stock worth $973,000 after buying an additional 9,264 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Monster Beverage by 5.4% during the 3rd quarter. Proficio Capital Partners LLC now owns 5,541 shares of the company’s stock valued at $293,000 after purchasing an additional 284 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC bought a new position in Monster Beverage during the 3rd quarter valued at about $256,000. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Down 2.2 %

MNST traded down $1.18 during midday trading on Thursday, hitting $53.15. 7,444,186 shares of the company traded hands, compared to its average volume of 5,404,213. The business has a 50 day simple moving average of $57.06 and a two-hundred day simple moving average of $55.59. The company has a market capitalization of $55.31 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.20 and a beta of 0.72. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MNST shares. HSBC lowered their price objective on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and lowered their price target for the stock from $65.00 to $46.00 in a research report on Thursday. JPMorgan Chase & Co. cut shares of Monster Beverage from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $59.00 in a research report on Thursday. Redburn Atlantic assumed coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They issued a “buy” rating for the company. Finally, Morgan Stanley upped their price target on shares of Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.79.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the sale, the director now directly owns 777,840 shares in the company, valued at $45,542,532. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.40% of the company’s stock.

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.