Citizens Financial Group Inc. RI Buys Shares of 3,719 Monster Beverage Co. (NASDAQ:MNST)

Citizens Financial Group Inc. RI bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the first quarter, HoldingsChannel reports. The fund bought 3,719 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNST. LRI Investments LLC bought a new stake in shares of Monster Beverage in the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in Monster Beverage in the fourth quarter valued at approximately $27,000. Tortoise Investment Management LLC raised its stake in Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 396 shares during the period. Crewe Advisors LLC bought a new stake in Monster Beverage in the first quarter valued at approximately $37,000. Finally, Rise Advisors LLC raised its stake in Monster Beverage by 187.6% in the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock valued at $42,000 after buying an additional 467 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The disclosure for this sale can be found here. Insiders sold 307,221 shares of company stock valued at $16,070,374 in the last three months. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 0.4 %

Shares of MNST opened at $51.61 on Friday. The company has a market capitalization of $53.76 billion, a PE ratio of 32.46, a PEG ratio of 2.09 and a beta of 0.76. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The stock’s 50-day moving average price is $50.48 and its two-hundred day moving average price is $54.14.

Monster Beverage (NASDAQ:MNST) last issued its 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 net margin of 22.83% and a return on equity of 20.74%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Monster Beverage Co. will post 1.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BNP Paribas initiated coverage on Monster Beverage in a research report on Monday, June 24th. They issued an “underperform” rating and a $48.00 target price on the stock. UBS Group reduced their price target on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Stifel Nicolaus cut their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Monday, June 17th. Piper Sandler upped their target price on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Truist Financial cut Monster Beverage from a “buy” rating to a “sell” rating and cut their target price for the stock from $65.00 to $46.00 in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.33.

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.