Monster Beverage Co. (NASDAQ:MNST) Position Increased by Sather Financial Group Inc

Sather Financial Group Inc raised its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 20.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,363 shares of the company’s stock after purchasing an additional 168,011 shares during the period. Monster Beverage accounts for about 3.5% of Sather Financial Group Inc’s investment portfolio, making the stock its 12th largest position. Sather Financial Group Inc’s holdings in Monster Beverage were worth $50,418,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. LRI Investments LLC acquired a new position in Monster Beverage during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new position in Monster Beverage during the 4th quarter worth $27,000. Tortoise Investment Management LLC boosted its holdings in Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Monster Beverage in the first quarter valued at about $37,000. Finally, Rise Advisors LLC increased its stake in shares of Monster Beverage by 187.6% in the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock worth $42,000 after purchasing an additional 467 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares in the company, valued at approximately $99,404,574. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the transaction, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 307,221 shares of company stock worth $16,070,374. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded up $0.17 during midday trading on Friday, reaching $46.65. 3,035,516 shares of the company traded hands, compared to its average volume of 7,345,030. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22. The stock’s 50-day simple moving average is $49.26 and its 200-day simple moving average is $53.23. The firm has a market cap of $48.60 billion, a PE ratio of 29.34, a PEG ratio of 2.09 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. On average, equities research analysts expect that Monster Beverage Co. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler cut their price target on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Truist Financial reduced their price target on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a report on Friday, August 9th. Evercore ISI decreased their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America cut their price objective on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, BMO Capital Markets reduced their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $55.85.

About Monster Beverage

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.