Counterpoint Mutual Funds LLC Purchases New Shares in Monster Beverage Corporation $MNST

Counterpoint Mutual Funds LLC acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,396 shares of the company’s stock, valued at approximately $2,652,000.

Several other large investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its position in Monster Beverage by 222.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock worth $3,385,000 after purchasing an additional 34,697 shares during the last quarter. Prudential PLC boosted its position in Monster Beverage by 76.4% in the 2nd quarter. Prudential PLC now owns 108,930 shares of the company’s stock valued at $6,823,000 after buying an additional 47,165 shares during the last quarter. VestGen Advisors LLC increased its stake in shares of Monster Beverage by 449.4% in the 2nd quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after buying an additional 17,974 shares during the period. Perigon Wealth Management LLC raised its position in shares of Monster Beverage by 87.8% during the third quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock worth $2,163,000 after acquiring an additional 15,029 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in shares of Monster Beverage during the third quarter valued at $59,170,000. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of research reports. Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a research report on Saturday. Argus raised their target price on shares of Monster Beverage from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Piper Sandler set a $85.00 price target on shares of Monster Beverage in a research note on Wednesday, December 3rd. Evercore increased their price objective on shares of Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $70.00 target price on shares of Monster Beverage in a report on Wednesday, December 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.67.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $84.69 on Tuesday. The company has a market capitalization of $82.74 billion, a P/E ratio of 48.12, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45. The business has a 50-day moving average of $79.28 and a two-hundred day moving average of $71.92. Monster Beverage Corporation has a 1 year low of $50.93 and a 1 year high of $84.88.

Insider Activity at Monster Beverage

In other news, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.30% 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.