Catalyst Financial Partners LLC Buys New Shares in Monster Beverage Co. (NASDAQ:MNST)

Catalyst Financial Partners LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,510 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Monster Beverage by 34.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 26,841 shares of the company’s stock valued at $1,421,000 after purchasing an additional 6,946 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Monster Beverage by 17.1% during the third quarter. Stratos Wealth Partners LTD. now owns 11,071 shares of the company’s stock valued at $586,000 after purchasing an additional 1,613 shares during the period. NBT Bank N A NY acquired a new position in shares of Monster Beverage during the third quarter valued at about $235,000. Advisor Partners II LLC raised its holdings in shares of Monster Beverage by 2.6% during the third quarter. Advisor Partners II LLC now owns 36,982 shares of the company’s stock valued at $1,958,000 after purchasing an additional 923 shares during the period. Finally, Graypoint LLC raised its holdings in shares of Monster Beverage by 7.3% during the third quarter. Graypoint LLC now owns 6,690 shares of the company’s stock valued at $354,000 after purchasing an additional 458 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is currently owned by corporate insiders.

Monster Beverage Stock Performance

MNST traded up $0.90 during midday trading on Thursday, reaching $55.20. The company had a trading volume of 4,332,353 shares, compared to its average volume of 5,580,692. The stock has a market cap of $57.50 billion, a PE ratio of 34.72, a P/E/G ratio of 2.27 and a beta of 0.74. The business has a 50-day moving average price of $56.75 and a two-hundred day moving average price of $55.91. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, research analysts anticipate that Monster Beverage Co. will post 1.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They set a “buy” rating for the company. JPMorgan Chase & Co. downgraded shares of Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $66.00 to $59.00 in a research report on Thursday, April 25th. BMO Capital Markets reduced their price objective on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Piper Sandler upped their price objective on shares of Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group upped their price objective on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average target price of $61.32.

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.