4,123 Shares in Monster Beverage Co. (NASDAQ:MNST) Bought by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. purchased a new stake in Monster Beverage Co. (NASDAQ:MNST) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,123 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Monster Beverage by 59.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 132,086 shares of the company’s stock worth $7,609,000 after buying an additional 49,495 shares in the last quarter. Alaethes Wealth LLC bought a new position in Monster Beverage in the fourth quarter valued at approximately $1,528,000. Louisiana State Employees Retirement System bought a new stake in shares of Monster Beverage during the fourth quarter worth $7,340,000. Defender Capital LLC. grew its stake in shares of Monster Beverage by 30.2% during the fourth quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock worth $21,378,000 after buying an additional 86,050 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Monster Beverage during the fourth quarter worth $517,035,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Trading Up 0.6 %

MNST stock traded up $0.32 during midday trading on Wednesday, reaching $50.46. The stock had a trading volume of 6,093,569 shares, compared to its average volume of 7,621,324. The company’s fifty day simple moving average is $52.45 and its 200 day simple moving average is $55.40. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 1.99 and a beta of 0.76. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share 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 analysts’ expectations of $1.90 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 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Sell-side analysts predict that Monster Beverage Co. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on MNST. Redburn Atlantic started coverage on shares of Monster Beverage in a report on Wednesday, March 6th. They set a “buy” rating on the stock. Piper Sandler increased their target price on shares of Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their price target for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. Jefferies Financial Group increased their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Wells Fargo & Company reduced their target price on shares of Monster Beverage from $65.00 to $59.00 and set an “overweight” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $60.10.

Insider Activity

In other news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the transaction, the director now owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Monster Beverage 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 value of $781,742.45. Following the transaction, the director now owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Hall sold 250,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the transaction, the director now directly owns 532,754 shares in the company, valued at approximately $27,820,413.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 307,221 shares of company stock valued at $16,070,374. 7.80% of the stock is currently owned by insiders.

Monster Beverage Company 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.