Cwm LLC Has $831,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Cwm LLC raised its holdings in Monster Beverage Co. (NASDAQ:MNST) by 9.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,416 shares of the company’s stock after acquiring an additional 1,196 shares during the quarter. Cwm LLC’s holdings in Monster Beverage were worth $831,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in Monster Beverage by 8.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock valued at $1,017,000 after acquiring an additional 1,482 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Monster Beverage by 112.2% in the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock valued at $10,339,000 after acquiring an additional 103,271 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in Monster Beverage in the fourth quarter valued at approximately $7,340,000. Defender Capital LLC. lifted its stake in Monster Beverage by 30.2% in the fourth quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock valued at $21,378,000 after acquiring an additional 86,050 shares during the last quarter. Finally, Marshall Financial Group LLC acquired a new stake in shares of Monster Beverage in the fourth quarter worth $1,848,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST stock opened at $53.37 on Monday. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The stock has a market cap of $55.54 billion, a price-to-earnings ratio of 34.43, a P/E/G ratio of 2.18 and a beta of 0.72. The firm has a fifty day moving average of $56.97 and a 200-day moving average of $55.68.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts predict that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Insider Activity

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the transaction, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MNST. Royal Bank of Canada upped their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. 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 report on Wednesday, January 17th. Truist Financial downgraded shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $65.00 to $46.00 in a report on Thursday. Jefferies Financial Group upped their price objective 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, Redburn Atlantic began coverage on shares of Monster Beverage in a report on Wednesday, March 6th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.79.

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.