Entropy Technologies LP Buys New Stake in Monster Beverage Corporation $MNST

by · The Markets Daily

Entropy Technologies LP bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,884 shares of the company’s stock, valued at approximately $5,435,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aigen Investment Management LP purchased a new position in shares of Monster Beverage in the fourth quarter worth $1,271,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Monster Beverage by 16.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,176,347 shares of the company’s stock worth $473,541,000 after buying an additional 861,215 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Monster Beverage by 5.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 28,400 shares of the company’s stock worth $2,177,000 after buying an additional 1,593 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Monster Beverage in the fourth quarter worth $331,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Monster Beverage by 12.8% in the fourth quarter. Kestra Advisory Services LLC now owns 29,049 shares of the company’s stock worth $2,227,000 after buying an additional 3,302 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Activity

In other Monster Beverage news, Director Mark J. Hall sold 54,000 shares of Monster Beverage stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the transaction, the director owned 299,246 shares of the company’s stock, valued at approximately $25,678,299.26. The trade was a 15.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 88,700 shares of Monster Beverage stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $85.96, for a total transaction of $7,624,652.00. Following the completion of the transaction, the insider directly owned 81,763 shares of the company’s stock, valued at $7,028,347.48. The trade was a 52.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 178,700 shares of company stock worth $15,457,562 over the last three months. Corporate insiders own 8.10% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST opened at $92.83 on Friday. The firm has a market capitalization of $90.79 billion, a P/E ratio of 44.85, a PEG ratio of 3.06 and a beta of 0.54. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $93.08. The company’s fifty day moving average price is $82.16 and its 200-day moving average price is $79.26.

Monster Beverage (NASDAQ:MNST – Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Equities analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current fiscal year.

Monster Beverage declared that its board has authorized a share repurchase plan on Friday, May 15th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 0.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MNST. Evercore raised their price target on shares of Monster Beverage from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Jefferies Financial Group set a $100.00 price target on shares of Monster Beverage in a report on Wednesday, March 11th. Citigroup raised their price target on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Sanford C. Bernstein assumed coverage on shares of Monster Beverage in a report on Friday. They issued a “market perform” rating and a $95.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.35.

Read Our Latest Research Report on MNST

Monster Beverage Company Profile

(Free Report)

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.

See Also

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