Teamwork Financial Advisors LLC Acquires 152,682 Shares of Monster Beverage Corporation $MNST

Teamwork Financial Advisors LLC boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 431.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,100 shares of the company’s stock after acquiring an additional 152,682 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Monster Beverage were worth $12,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in shares of Monster Beverage by 4.3% in the first quarter. HighTower Advisors LLC now owns 59,749 shares of the company’s stock worth $3,496,000 after purchasing an additional 2,460 shares during the last quarter. American Century Companies Inc. raised its position in Monster Beverage by 36.3% during the 1st quarter. American Century Companies Inc. now owns 86,045 shares of the company’s stock worth $5,035,000 after purchasing an additional 22,895 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Monster Beverage by 79.5% during the 1st quarter. Aptus Capital Advisors LLC now owns 21,396 shares of the company’s stock worth $1,252,000 after buying an additional 9,474 shares during the period. Quantbot Technologies LP bought a new stake in shares of Monster Beverage in the 1st quarter valued at about $2,320,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Monster Beverage by 186.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 84,525 shares of the company’s stock valued at $4,946,000 after buying an additional 55,006 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total value of $2,741,782.54. Following the transaction, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. This represents a 63.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 274,981 shares of company stock worth $20,138,516 in the last three months. Company insiders own 8.30% of the company’s stock.

Monster Beverage Stock Up 1.5%

Monster Beverage stock opened at $75.46 on Friday. The company has a market capitalization of $73.73 billion, a PE ratio of 42.88, a PEG ratio of 2.23 and a beta of 0.48. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $76.28. The firm’s fifty day moving average is $71.35 and its 200 day moving average is $65.88.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same period last year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Argus raised shares of Monster Beverage to a “strong-buy” rating in a research note on Tuesday, November 25th. The Goldman Sachs Group increased their price objective on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Monster Beverage in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.29.

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.