AJOVista LLC Invests $142,000 in Monster Beverage Co. (NASDAQ:MNST)

AJOVista LLC purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,467 shares of the company’s stock, valued at approximately $142,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNST. Peoples Bank KS acquired a new position in shares of Monster Beverage during the third quarter valued at approximately $26,000. Headinvest LLC purchased a new position in Monster Beverage in the 3rd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Monster Beverage during the 3rd quarter worth $31,000. Catalyst Capital Advisors LLC grew its holdings in shares of Monster Beverage by 34.6% during the third quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after buying an additional 199 shares in the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of Monster Beverage in the third quarter valued at about $53,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of MNST stock traded up $1.61 during trading hours on Friday, hitting $55.00. The company had a trading volume of 12,204,624 shares, compared to its average volume of 5,889,620. The stock has a market capitalization of $57.30 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.74. The company’s fifty day moving average is $56.84 and its 200 day moving average is $55.78. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a return on equity of 21.13% and a net margin of 22.83%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts forecast that Monster Beverage Co. will post 1.8 earnings per share for the current year.

Insider Activity at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the 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 sale, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Piper Sandler boosted their target price on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. cut Monster Beverage from an “overweight” rating to a “neutral” rating and cut their price target for the company from $66.00 to $59.00 in a report on Thursday, April 25th. Royal Bank of Canada lifted their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, UBS Group dropped their target price on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.32.

Monster Beverage Company 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.