Railway Pension Investments Ltd Takes $4.36 Million Position in Monster Beverage Corporation $MNST

Railway Pension Investments Ltd acquired a new position in Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,700 shares of the company’s stock, valued at approximately $4,355,000.

A number of other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its stake in shares of Monster Beverage by 49.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares during the period. Ashton Thomas Securities LLC grew its position in shares of Monster Beverage by 1.0% during the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock valued at $1,064,000 after acquiring an additional 174 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Monster Beverage by 13.4% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock worth $93,000 after purchasing an additional 176 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in Monster Beverage by 1.0% in the 2nd quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after purchasing an additional 190 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in Monster Beverage by 2.9% during the second quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock valued at $420,000 after purchasing an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

MNST opened at $76.16 on Monday. The stock has a market capitalization of $74.41 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 2.01 and a beta of 0.46. The company has a fifty day moving average of $73.06 and a 200 day moving average of $66.98. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $78.31.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MNST. JPMorgan Chase & Co. upped their price target on Monster Beverage from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Jefferies Financial Group reissued a “buy” rating and issued a $79.00 target price on shares of Monster Beverage in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Stifel Nicolaus set a $82.00 price objective on shares of Monster Beverage and gave the company a “buy” rating in a research report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $73.95.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Guy Carling sold 38,438 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the transaction, the insider owned 21,993 shares of the company’s stock, valued at $1,568,760.69. This represents a 63.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 274,981 shares of company stock worth $20,138,516 in the last quarter. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.