Focus Partners Wealth Acquires Shares of 18,689 Monster Beverage Co. (NASDAQ:MNST)

Focus Partners Wealth bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,689 shares of the company's stock, valued at approximately $984,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management bought a new position in Monster Beverage in the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage during the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage in the 4th quarter valued at $33,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MNST shares. Roth Capital raised their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday. Royal Bank of Canada reissued an "outperform" rating and set a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. TD Cowen upped their price objective on Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Citigroup raised their price objective on shares of Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $60.50.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This represents a 12.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock valued at $11,484,440 in the last 90 days. 8.30% of the stock is currently owned by corporate insiders.

Monster Beverage Trading Up 0.9%

Shares of MNST stock opened at $62.86 on Friday. The company has a market cap of $61.30 billion, a P/E ratio of 40.30, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $62.92. The stock has a 50 day simple moving average of $58.49 and a two-hundred day simple moving average of $54.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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 net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company earned $0.42 EPS. Monster Beverage's quarterly revenue was down 2.3% compared to the same quarter last year. Research analysts forecast 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.

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