ORG Partners LLC Purchases 9,506 Shares of Monster Beverage Corporation (NASDAQ:MNST)

ORG Partners LLC boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 3,037.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,819 shares of the company's stock after buying an additional 9,506 shares during the quarter. ORG Partners LLC's holdings in Monster Beverage were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNST. CreativeOne Wealth LLC increased its position in Monster Beverage by 1.9% in the fourth 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. Level Four Advisory Services LLC raised its position in shares of Monster Beverage by 4.6% in the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock valued at $263,000 after purchasing an additional 220 shares during the period. Dogwood Wealth Management LLC lifted its stake in shares of Monster Beverage by 1.8% during 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 in the last quarter. PDS Planning Inc boosted its holdings in Monster Beverage by 5.7% in the 4th quarter. PDS Planning Inc now owns 4,340 shares of the company's stock worth $228,000 after buying an additional 235 shares during the period. Finally, Blue Trust Inc. grew its stake in Monster Beverage by 8.4% in the 1st quarter. Blue Trust Inc. now owns 3,086 shares of the company's stock valued at $181,000 after buying an additional 239 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 8,796 shares of the business'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 sale, the insider now owns 89,501 shares of the company's stock, valued at $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Kelly sold 27,000 shares of the firm's 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 transaction, the chief financial officer now directly owns 69,273 shares of the company's stock, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Trading Up 0.6%

Shares of MNST stock traded up $0.36 during mid-day trading on Tuesday, reaching $63.57. The stock had a trading volume of 4,658,740 shares, compared to its average volume of 6,034,452. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average price is $61.62 and its two-hundred day moving average price is $55.90. The firm has a market capitalization of $62.00 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.23 and a beta of 0.60. Monster Beverage Corporation has a 52-week low of $43.32 and a 52-week high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the business posted $0.42 EPS. The business's revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MNST. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. UBS Group increased their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Piper Sandler boosted 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. Wells Fargo & Company increased their target price on shares of Monster Beverage from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Finally, Roth Mkm boosted 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage has a consensus rating of "Moderate Buy" and a consensus 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.