Avior Wealth Management LLC Sells 5,934 Shares of Monster Beverage Corporation (NASDAQ:MNST)

Avior Wealth Management LLC reduced its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,365 shares of the company's stock after selling 5,934 shares during the period. Avior Wealth Management LLC's holdings in Monster Beverage were worth $958,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage in the fourth quarter valued at approximately $31,000. Coppell Advisory Solutions LLC boosted its holdings in shares of Monster Beverage by 259.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock valued at $36,000 after purchasing an additional 495 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $36,000. CVA Family Office LLC grew its stake in shares of Monster Beverage by 28.6% during the 1st quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock valued at $89,000 after buying an additional 338 shares during the period. Finally, SRS Capital Advisors Inc. grew its position in Monster Beverage by 541.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company's stock valued at $90,000 after acquiring an additional 1,446 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

NASDAQ:MNST traded up $0.12 during mid-day trading on Monday, hitting $63.21. The company's stock had a trading volume of 5,737,123 shares, compared to its average volume of 6,039,949. The company has a market capitalization of $61.65 billion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 2.23 and a beta of 0.60. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. Monster Beverage Corporation has a fifty-two week low of $43.32 and a fifty-two week high of $64.45. The stock has a fifty day moving average of $61.53 and a 200-day moving average of $55.82.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The company 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 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MNST shares. Morgan Stanley raised their price objective on Monster Beverage from $65.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. UBS Group increased their target price on Monster Beverage from $62.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Truist Financial boosted 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. TD Cowen upped their price target on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, May 9th. Finally, Piper Sandler lifted their price objective on shares of Monster Beverage from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.05.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the sale, the insider now directly owns 89,501 shares in the company, valued at $5,590,232.46. This trade represents a 8.95% 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 the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 69,273 shares in the company, valued at $4,391,908.20. This represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

About Monster Beverage

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.