Vicus Capital Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Vicus Capital acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,325 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $27,000. Tortoise Investment Management LLC increased its position in Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares during the last quarter. Headinvest LLC bought a new stake in Monster Beverage in the third quarter worth $28,000. Rise Advisors LLC increased its position in 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 last quarter. Finally, Quent Capital LLC increased its position in Monster Beverage by 40.8% in the fourth quarter. Quent Capital LLC now owns 1,180 shares of the company’s stock worth $68,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 15,077 shares of the company’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 transaction, the director now owns 68,167 shares in the company, valued at $3,534,458.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 $99,404,574. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Vidergauz sold 15,077 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock worth $16,070,374 over the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $49.95 on Friday. The company has a market capitalization of $52.03 billion, a PE ratio of 31.42, a P/E/G ratio of 1.98 and a beta of 0.76. The company has a 50-day simple moving average of $52.25 and a two-hundred day simple moving average of $55.29. Monster Beverage Co. has a one year low of $47.13 and a one year high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its 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 firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts predict that Monster Beverage Co. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MNST. BNP Paribas began coverage on shares of Monster Beverage in a research report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price target on the stock. Roth Mkm reduced their price target on shares of Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. HSBC reduced their price target on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $65.00 price objective on shares of Monster Beverage in a research report on Friday, June 14th. Finally, BMO Capital Markets cut their price objective on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.10.

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.