Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Fluent Financial LLC

Fluent Financial LLC raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 46.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,254 shares of the company’s stock after purchasing an additional 25,140 shares during the quarter. Monster Beverage comprises approximately 2.0% of Fluent Financial LLC’s holdings, making the stock its 17th biggest holding. Fluent Financial LLC’s holdings in Monster Beverage were worth $3,959,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Monster Beverage in the 1st quarter valued at $26,000. Stephens Consulting LLC acquired a new position in shares of Monster Beverage in the 2nd quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $27,000. Tortoise Investment Management LLC raised its stake in shares of Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the period. Finally, Kings Path Partners LLC purchased a new position in shares of Monster Beverage in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MNST shares. Truist Financial cut their target price on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. TD Cowen dropped their price target on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. BNP Paribas began coverage on shares of Monster Beverage in a research note on Monday, June 24th. They set an “underperform” rating and a $48.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.85.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Vidergauz sold 15,077 shares of the company’s 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 sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.07 during midday trading on Friday, hitting $48.15. The company’s stock had a trading volume of 557,402 shares, compared to its average volume of 7,198,668. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The firm’s fifty day moving average price is $48.93 and its 200-day moving average price is $52.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. The firm has a market cap of $50.16 billion, a P/E ratio of 30.33, a P/E/G ratio of 2.18 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.