Deuterium Capital Management LLC Takes $2.48 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Deuterium Capital Management LLC bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 41,883 shares of the company’s stock, valued at approximately $2,483,000. Monster Beverage comprises approximately 4.4% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new stake in Monster Beverage in the fourth quarter worth $27,000. Headinvest LLC purchased a new position in Monster Beverage during the third quarter valued at $28,000. Tortoise Investment Management LLC boosted its holdings in shares of Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 396 shares in the last quarter. Rise Advisors LLC grew its position in shares of Monster Beverage by 187.6% in the 1st quarter. Rise Advisors LLC now owns 716 shares of the company’s stock worth $42,000 after buying an additional 467 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of Monster Beverage by 68.1% in the 1st quarter. Benjamin Edwards Inc. now owns 950 shares of the company’s stock worth $56,000 after acquiring an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.1 %

NASDAQ:MNST traded up $0.55 during trading hours on Friday, hitting $50.83. 5,274,151 shares of the stock traded hands, compared to its average volume of 7,496,304. The stock has a 50 day moving average price of $51.46 and a 200 day moving average price of $54.90. The company has a market cap of $52.95 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MNST has been the topic of several research reports. Roth Mkm dropped their price objective on shares of Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Wells Fargo & Company dropped their price target on Monster Beverage from $65.00 to $59.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 25th. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and reduced their price objective for the company from $65.00 to $46.00 in a research note on Thursday, April 25th. Piper Sandler increased their price target on shares of Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, BNP Paribas assumed coverage on shares of Monster Beverage in a report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $59.70.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total value of $2,233,632.00. Following the sale, the chief executive officer now owns 1,875,558 shares in the company, valued at $99,404,574. The sale 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 on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the sale, the director now directly owns 68,167 shares in the company, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Insiders sold 307,221 shares of company stock worth $16,070,374 in the last three months. 7.80% of the stock is owned by company insiders.

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.