Catalyst Financial Partners LLC Acquires Shares of 3,510 Monster Beverage Co. (NASDAQ:MNST)

Catalyst Financial Partners LLC acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,510 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of Monster Beverage in the third quarter worth approximately $26,000. Headinvest LLC bought a new stake in shares of Monster Beverage in the third quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Monster Beverage in the third quarter worth approximately $31,000. Catalyst Capital Advisors LLC grew its stake in shares of Monster Beverage by 34.6% in the third quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after acquiring an additional 199 shares during the period. Finally, Quent Capital LLC grew its stake in shares of Monster Beverage by 40.8% in the fourth quarter. Quent Capital LLC now owns 1,180 shares of the company’s stock worth $68,000 after acquiring an additional 342 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MNST. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, February 26th. UBS Group reduced their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and cut their target price for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Royal Bank of Canada boosted their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, HSBC cut their target price on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.32.

Monster Beverage Stock Up 1.7 %

NASDAQ:MNST traded up $0.90 during trading hours on Thursday, hitting $55.20. 4,332,353 shares of the stock traded hands, compared to its average volume of 5,580,692. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The company has a market cap of $57.50 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. The stock has a 50 day moving average price of $56.75 and a 200 day moving average price of $55.91.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, May 2nd. The company reported $0.42 EPS 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 company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the firm posted $0.38 EPS. Monster Beverage’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Co. will post 1.79 earnings per share for the current fiscal year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the business’s 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 transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.

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.