Dock Street Asset Management Inc. Boosts Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Dock Street Asset Management Inc. lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 202.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,744 shares of the company's stock after buying an additional 7,864 shares during the period. Dock Street Asset Management Inc.'s holdings in Monster Beverage were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNST. CreativeOne Wealth LLC increased its holdings in shares of Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock worth $622,000 after buying an additional 217 shares during the last quarter. Conning Inc. lifted its stake in shares of Monster Beverage by 3.9% in the 1st quarter. Conning Inc. now owns 5,853 shares of the company's stock valued at $343,000 after purchasing an additional 219 shares during the last quarter. Level Four Advisory Services LLC grew its holdings 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 purchasing an additional 220 shares during the period. Dogwood Wealth Management LLC raised its holdings in Monster Beverage by 1.8% in the 4th quarter. Dogwood Wealth Management LLC now owns 13,323 shares of the company's stock valued at $700,000 after buying an additional 233 shares during the period. Finally, PDS Planning Inc lifted its position in Monster Beverage by 5.7% in the fourth quarter. PDS Planning Inc now owns 4,340 shares of the company's stock valued at $228,000 after buying an additional 235 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Monster Beverage Stock Performance

Monster Beverage stock traded down $0.34 during midday trading on Friday, hitting $58.83. 5,843,605 shares of the company's stock were exchanged, compared to its average volume of 6,007,264. The stock has a market cap of $57.37 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59. Monster Beverage Corporation has a 12-month low of $43.32 and a 12-month high of $64.45. The firm's 50 day simple moving average is $62.45 and its 200 day simple moving average is $56.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its 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. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analysts Set New Price Targets

MNST has been the topic of a number of research analyst reports. Roth Mkm boosted their target price on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Citigroup increased their target price on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. Redburn Atlantic lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and lowered their price objective for the company from $63.00 to $60.00 in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Morgan Stanley boosted their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.87.

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.