Metis Global Partners LLC Increases Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Metis Global Partners LLC boosted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,406 shares of the company’s stock after purchasing an additional 1,415 shares during the quarter. Metis Global Partners LLC’s holdings in Monster Beverage were worth $1,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of Monster Beverage by 0.3% during the fourth quarter. US Bancorp DE now owns 118,789 shares of the company’s stock worth $6,244,000 after buying an additional 328 shares during the last quarter. SVB Wealth LLC acquired a new stake in Monster Beverage during the 4th quarter worth approximately $3,839,000. Parkside Financial Bank & Trust grew its stake in shares of Monster Beverage by 15.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,076 shares of the company’s stock valued at $109,000 after purchasing an additional 279 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of Monster Beverage by 11.1% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 27,971 shares of the company’s stock worth $1,470,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Peloton Wealth Strategists lifted its holdings in shares of Monster Beverage by 6.1% during the fourth quarter. Peloton Wealth Strategists now owns 44,395 shares of the company’s stock worth $2,333,000 after purchasing an additional 2,550 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $54.65 on Monday. The firm has a 50 day simple moving average of $50.27 and a 200-day simple moving average of $51.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market cap of $53.15 billion, a PE ratio of 35.03, a P/E/G ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, equities analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

MNST has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, BNP Paribas reduced their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.26.

About Monster Beverage

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.