Advisor Resource Council Acquires Shares of 8,014 Monster Beverage Corporation (NASDAQ:MNST)

Advisor Resource Council acquired a new position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,014 shares of the company's stock, valued at approximately $460,000.

Several other institutional investors and hedge funds have also bought and sold shares of MNST. ORG Partners LLC lifted its stake in Monster Beverage by 3,037.1% in the first quarter. ORG Partners LLC now owns 9,819 shares of the company's stock worth $580,000 after acquiring an additional 9,506 shares during the period. Blue Trust Inc. raised its holdings in Monster Beverage by 8.4% in the 1st quarter. Blue Trust Inc. now owns 3,086 shares of the company's stock worth $181,000 after purchasing an additional 239 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Monster Beverage by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 82,047 shares of the company's stock worth $4,801,000 after purchasing an additional 2,215 shares during the period. Optivise Advisory Services LLC bought a new stake in shares of Monster Beverage during the 1st quarter valued at about $210,000. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Monster Beverage by 75.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,806 shares of the company's stock valued at $398,000 after purchasing an additional 2,919 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the transaction, the insider now owns 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the transaction, the chief financial officer now directly owns 69,273 shares in the company, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by corporate insiders.

Monster Beverage Stock Down 0.0%

Shares of Monster Beverage stock traded down $0.01 on Thursday, reaching $62.19. The company's stock had a trading volume of 6,675,843 shares, compared to its average volume of 6,011,463. Monster Beverage Corporation has a 52 week low of $43.32 and a 52 week high of $64.45. The firm's fifty day simple moving average is $61.88 and its two-hundred day simple moving average is $56.06. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $60.65 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.20 and a beta of 0.60.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the prior year, the business earned $0.42 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MNST. Piper Sandler raised their price objective on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Jefferies Financial Group increased their target price on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Stifel Nicolaus initiated coverage on Monster Beverage in a research report on Thursday, June 12th. They set a "buy" rating and a $72.00 price target on the stock. Roth Mkm increased their price objective on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, Bank of America raised their price objective on Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.05.

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.