Syon Capital LLC Purchases 11,633 Shares of Monster Beverage Corporation $MNST

Syon Capital LLC raised its position in Monster Beverage Corporation (NASDAQ:MNST) by 70.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,165 shares of the company’s stock after purchasing an additional 11,633 shares during the quarter. Syon Capital LLC’s holdings in Monster Beverage were worth $1,896,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC raised its position in Monster Beverage by 222.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock valued at $3,385,000 after purchasing an additional 34,697 shares in the last quarter. Prudential PLC increased its stake in shares of Monster Beverage by 76.4% during the second quarter. Prudential PLC now owns 108,930 shares of the company’s stock valued at $6,823,000 after buying an additional 47,165 shares during the period. VestGen Advisors LLC raised its holdings in shares of Monster Beverage by 449.4% in the second quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after acquiring an additional 17,974 shares in the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Monster Beverage by 87.8% in the third quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock valued at $2,163,000 after acquiring an additional 15,029 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in Monster Beverage in the third quarter worth about $59,170,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction 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 transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. Corporate insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $83.18 on Thursday. Monster Beverage Corporation has a fifty-two week low of $50.93 and a fifty-two week high of $83.91. The firm has a market capitalization of $81.27 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 2.15 and a beta of 0.45. The stock’s 50-day simple moving average is $78.70 and its 200-day simple moving average is $71.34.

Analyst Upgrades and Downgrades

A number of research analysts have commented on MNST shares. Citigroup reissued a “buy” rating and set a $90.00 target price (up previously from $87.00) on shares of Monster Beverage in a research report on Wednesday, January 14th. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective for the company in a research note on Friday, January 16th. Evercore increased their target price on Monster Beverage from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Zacks Research downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $81.00 price objective (up from $75.00) on shares of Monster Beverage in a research note on Monday, December 1st. Fourteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $78.90.

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.