Monster Beverage Corporation (NASDAQ:MNST) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 36.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,073 shares of the company's stock after purchasing an additional 5,129 shares during the period. Diversified Trust Co's holdings in Monster Beverage were worth $1,116,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PDS Planning Inc raised its holdings in Monster Beverage by 11.7% in the 1st quarter. PDS Planning Inc now owns 4,848 shares of the company's stock valued at $284,000 after buying an additional 508 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Monster Beverage by 69.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 28,734 shares of the company's stock valued at $1,682,000 after purchasing an additional 11,815 shares during the period. Golden State Wealth Management LLC grew its position in shares of Monster Beverage by 3,425.9% during the first quarter. Golden State Wealth Management LLC now owns 2,045 shares of the company's stock worth $120,000 after buying an additional 1,987 shares in the last quarter. Spire Wealth Management grew its holdings in Monster Beverage by 284.2% during the 1st quarter. Spire Wealth Management now owns 2,109 shares of the company's stock worth $123,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Lecap Asset Management Ltd. grew its stake in shares of Monster Beverage by 7.0% during the first quarter. Lecap Asset Management Ltd. now owns 36,833 shares of the company's stock worth $2,155,000 after purchasing an additional 2,409 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Down 0.8%

MNST stock opened at $61.71 on Friday. Monster Beverage Corporation has a one year low of $43.32 and a one year high of $64.45. The company has a 50 day moving average price of $61.95 and a two-hundred day moving average price of $56.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37. The stock has a market capitalization of $60.18 billion, a P/E ratio of 40.60, a PEG ratio of 2.19 and a beta of 0.60.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The company's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Activity at Monster Beverage

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 value of $1,711,800.00. Following the completion of the transaction, the chief financial officer now directly owns 69,273 shares in the company, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $549,398.16. Following the sale, the insider now owns 89,501 shares of the company's stock, valued at $5,590,232.46. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MNST shares. CICC Research raised Monster Beverage from a "market perform" rating to an "outperform" rating and upped their price target for the company from $56.00 to $65.00 in a report on Monday, May 12th. Roth Mkm boosted their target price on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Bank of America increased their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Citigroup increased their price objective on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Finally, Roth Capital lifted their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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