Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,798 shares of the company’s stock after purchasing an additional 1,050 shares during the period. Founders Financial Alliance LLC’s holdings in Monster Beverage were worth $357,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management acquired a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. bought a new position in Monster Beverage in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MNST. Citigroup boosted their price target on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, BNP Paribas lowered their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.83.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company’s stock.

Monster Beverage Trading Down 1.0 %

Shares of MNST opened at $55.23 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The stock has a market capitalization of $53.75 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.28 and a beta of 0.71. The business’s 50-day moving average price is $50.67 and its 200 day moving average price is $51.63.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Monster Beverage 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.