5,959 Shares in Monster Beverage Corporation $MNST Bought by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC bought a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,959 shares of the company’s stock, valued at approximately $432,000.

Several other institutional investors also recently bought and sold shares of the stock. New York State Teachers Retirement System boosted its stake in Monster Beverage by 3.4% in the 4th quarter. New York State Teachers Retirement System now owns 637,066 shares of the company’s stock valued at $48,844,000 after buying an additional 21,169 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Monster Beverage by 6.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 197,899 shares of the company’s stock worth $15,173,000 after acquiring an additional 12,050 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Monster Beverage by 7.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,605,873 shares of the company’s stock worth $122,303,000 after acquiring an additional 116,510 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Monster Beverage by 12.2% during the fourth quarter. Nordea Investment Management AB now owns 880,061 shares of the company’s stock valued at $67,738,000 after acquiring an additional 95,606 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Monster Beverage by 7,360.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock valued at $474,695,000 after acquiring an additional 6,108,420 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on MNST. Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. TD Cowen cut their price target on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Bank of America reduced their price target on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group reaffirmed a “neutral” rating and set a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a research note on Friday, May 8th. Finally, Evercore raised their price objective on shares of Monster Beverage from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.35.

Insider Activity at Monster Beverage

In related news, 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 transaction, the director owned 299,246 shares in the company, valued at $25,678,299.26. The trade was a 15.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the transaction, the chief financial officer directly owned 62,553 shares in the company, valued at approximately $5,492,778.93. This represents a 10.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is currently owned by company insiders.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $97.60 on Monday. Monster Beverage Corporation has a 12-month low of $58.09 and a 12-month high of $98.93. The firm’s 50-day simple moving average is $88.09 and its 200 day simple moving average is $81.46. The company has a market cap of $95.45 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 3.21 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $0.47 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, equities analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

About Monster Beverage

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.