Simon Quick Advisors LLC Buys 6,543 Shares of Monster Beverage Co. (NASDAQ:MNST)

Simon Quick Advisors LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 159.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,658 shares of the company's stock after acquiring an additional 6,543 shares during the period. Simon Quick Advisors LLC's holdings in Monster Beverage were worth $624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage during the 4th quarter valued at about $31,000. Coppell Advisory Solutions LLC increased its stake in shares of Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after buying an additional 495 shares during the period. Park Square Financial Group LLC purchased a new position in Monster Beverage in the fourth quarter valued at approximately $36,000. SRS Capital Advisors Inc. increased its stake in Monster Beverage by 541.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company's stock valued at $90,000 after purchasing an additional 1,446 shares during the last quarter. Finally, Menard Financial Group LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $101,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on MNST. 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. Bank of America lifted their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Piper Sandler lifted their price target on Monster Beverage from $51.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Roth Capital lifted their price objective on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, May 14th. Finally, CICC Research raised Monster Beverage from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $56.00 to $65.00 in a research report on Monday, May 12th. Two investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.05.

Insiders Place Their Bets

In other news, insider Emelie Tirre sold 8,796 shares of the company's 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 transaction, the insider now directly owns 89,501 shares in the company, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 69,273 shares of the company's stock, 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. Insiders own 8.30% of the company's stock.

Monster Beverage Trading Down 1.0%

Monster Beverage stock traded down $0.63 during trading hours on Friday, hitting $63.06. The stock had a trading volume of 6,155,824 shares, compared to its average volume of 6,090,870. Monster Beverage Co. has a one year low of $43.32 and a one year high of $64.45. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 40.42, a P/E/G ratio of 2.28 and a beta of 0.60. The business's 50 day simple moving average is $60.95 and its 200-day simple moving average is $55.50.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business 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 23.31% and a net margin of 21.66%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities analysts predict that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Monster Beverage Company 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.