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

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

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. raised its position in Monster Beverage by 8.4% during the 1st quarter. Blue Trust Inc. now owns 3,086 shares of the company's stock worth $181,000 after purchasing an additional 239 shares during the last quarter. State of Alaska Department of Revenue raised its position in Monster Beverage by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 82,047 shares of the company's stock worth $4,801,000 after purchasing an additional 2,215 shares during the last quarter. Optivise Advisory Services LLC bought a new position in Monster Beverage during the 1st quarter worth $210,000. Sagespring Wealth Partners LLC raised its position in Monster Beverage by 75.1% during the 1st quarter. Sagespring Wealth Partners LLC now owns 6,806 shares of the company's stock worth $398,000 after purchasing an additional 2,919 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Monster Beverage during the 1st quarter worth $336,000. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial raised their target price on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Roth Capital raised their target price on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. UBS Group increased their price target on Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group increased their price target on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, June 13th. 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.05.

Monster Beverage Stock Performance

Shares of MNST opened at $63.09 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.37 and a quick ratio of 2.78. The stock has a 50-day moving average of $61.53 and a 200-day moving average of $55.79. The company has a market cap of $61.53 billion, a PE ratio of 41.51, a P/E/G ratio of 2.24 and a beta of 0.60. Monster Beverage Corporation has a one year low of $43.32 and a one year high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.42 EPS. On average, equities research analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction dated Thursday, May 29th. The stock was 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 approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage 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 transaction, the insider now owns 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. Company insiders own 8.30% of the company's stock.

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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