Sage Mountain Advisors LLC Boosts Position in Monster Beverage Corporation (NASDAQ:MNST)

Sage Mountain Advisors LLC lifted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 24.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,196 shares of the company’s stock after acquiring an additional 1,595 shares during the period. Sage Mountain Advisors LLC’s holdings in Monster Beverage were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in shares of Monster Beverage during the 1st quarter worth $29,000. Coppell Advisory Solutions LLC raised its holdings in shares of Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock worth $36,000 after acquiring an additional 495 shares during the period. Park Square Financial Group LLC purchased a new stake in Monster Beverage in the 4th quarter valued at about $36,000. CVA Family Office LLC raised its holdings in Monster Beverage by 28.6% in the 1st quarter. CVA Family Office LLC now owns 1,519 shares of the company’s stock valued at $89,000 after buying an additional 338 shares during the period. Finally, Menard Financial Group LLC purchased a new stake in Monster Beverage in the 4th quarter valued at about $101,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 1.2%

Shares of NASDAQ:MNST opened at $58.94 on Wednesday. Monster Beverage Corporation has a 52 week low of $43.32 and a 52 week high of $64.45. The company’s 50 day moving average is $62.40 and its two-hundred day moving average is $56.90. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. The company has a market cap of $57.48 billion, a PE ratio of 38.78, a P/E/G ratio of 2.12 and a beta of 0.59.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on MNST shares. Roth Capital boosted their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. UBS Group boosted their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Stifel Nicolaus started coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a “buy” rating and a $72.00 price objective on the stock. Jefferies Financial Group boosted their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Finally, Citigroup boosted their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and an average target price of $61.87.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 8,796 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the transaction, the insider directly owned 89,501 shares of the company’s stock, valued at $5,590,232.46. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the transaction, the chief financial officer directly owned 69,273 shares of the company’s stock, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% 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.