Williamson Legacy Group LLC Makes New Investment in Monster Beverage Corporation $MNST

Williamson Legacy Group LLC bought a new position in Monster Beverage Corporation (NASDAQ:MNST) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 14,858 shares of the company’s stock, valued at approximately $1,139,000.

A number of other institutional investors have also bought and sold shares of MNST. Massachusetts Financial Services Co. MA lifted its stake in Monster Beverage by 7,360.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock worth $474,695,000 after purchasing an additional 6,108,420 shares in the last quarter. State Street Corp lifted its stake in Monster Beverage by 8.0% in the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock worth $2,538,872,000 after purchasing an additional 2,789,273 shares in the last quarter. Vanguard Group Inc. lifted its stake in Monster Beverage by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after purchasing an additional 2,122,685 shares in the last quarter. Capital Research Global Investors lifted its stake in Monster Beverage by 71.4% in the 3rd quarter. Capital Research Global Investors now owns 5,033,066 shares of the company’s stock worth $338,765,000 after purchasing an additional 2,096,575 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Monster Beverage by 262.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,327,626 shares of the company’s stock worth $178,459,000 after purchasing an additional 1,684,752 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MNST. Piper Sandler raised their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Argus raised their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company raised their price target on shares of Monster Beverage from $87.00 to $97.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Morgan Stanley restated an “overweight” rating and set a $100.00 price target (up from $96.00) on shares of Monster Beverage in a report on Sunday, May 10th. Finally, Rothschild & Co Redburn upgraded shares of Monster Beverage from a “neutral” rating to a “buy” rating and raised their price target for the stock from $76.00 to $90.00 in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $88.89.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $87.42 on Wednesday. The company has a 50 day simple moving average of $78.00 and a 200-day simple moving average of $77.62. The company has a market capitalization of $85.50 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.86 and a beta of 0.50. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $88.77.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. As a group, research analysts expect that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage announced that its Board of Directors has initiated a share repurchase plan on Friday, May 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the sale, the insider owned 71,763 shares of the company’s stock, valued at $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark J. Hall sold 54,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the sale, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. The trade was a 15.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,700 shares of company stock valued at $13,730,462 over the last quarter. 8.10% of the stock is owned by company insiders.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.