Captrust Financial Advisors Grows Stake in Monster Beverage Co. (NASDAQ:MNST)

Captrust Financial Advisors raised its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,036 shares of the company's stock after buying an additional 7,167 shares during the quarter. Captrust Financial Advisors' holdings in Monster Beverage were worth $1,474,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. raised its position 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 worth $28,000 after purchasing an additional 203 shares during the period. Bleakley Financial Group LLC grew its stake in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock valued at $714,000 after purchasing an additional 203 shares during the period. CreativeOne Wealth LLC grew its stake in Monster Beverage by 1.9% in the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock valued at $622,000 after purchasing an additional 217 shares during the period. Level Four Advisory Services LLC grew its stake in shares of Monster Beverage by 4.6% during the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after acquiring an additional 220 shares during the period. Finally, Sapient Capital LLC grew its stake in shares of Monster Beverage by 0.5% during the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock worth $2,422,000 after acquiring an additional 228 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.9%

Monster Beverage stock traded up $0.53 during mid-day trading on Friday, hitting $62.86. The company had a trading volume of 8,363,444 shares, compared to its average volume of 6,971,884. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average price is $58.49 and its two-hundred day moving average price is $54.24. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $62.92. The company has a market capitalization of $61.30 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. As a group, sell-side analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Bank of America raised their target price on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Wells Fargo & Company raised their price target on Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Piper Sandler raised their price objective on Monster Beverage from $51.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Truist Financial raised their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Finally, CICC Research upgraded Monster Beverage from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $56.00 to $65.00 in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, Monster Beverage has an average rating of "Hold" and a consensus price target of $60.50.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the sale, the insider now owns 21,993 shares in the company, valued at $1,210,054.86. This represents a 68.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. The trade was a 54.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,316 shares of company stock valued at $11,484,440. 8.30% 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.