Tidal Investments LLC Has $3.54 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Tidal Investments LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,355 shares of the company's stock after buying an additional 14,109 shares during the period. Tidal Investments LLC's holdings in Monster Beverage were worth $3,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MNST. Merit Financial Group LLC lifted its position in Monster Beverage by 25.1% during the 4th quarter. Merit Financial Group LLC now owns 6,653 shares of the company's stock worth $350,000 after buying an additional 1,335 shares in the last quarter. HB Wealth Management LLC lifted its position in Monster Beverage by 29.2% during the 4th quarter. HB Wealth Management LLC now owns 11,654 shares of the company's stock worth $613,000 after buying an additional 2,631 shares in the last quarter. UMB Bank n.a. lifted its position in Monster Beverage by 57.4% during the 4th quarter. UMB Bank n.a. now owns 2,223 shares of the company's stock worth $117,000 after buying an additional 811 shares in the last quarter. Ballentine Partners LLC lifted its position in Monster Beverage by 8.6% during the 4th quarter. Ballentine Partners LLC now owns 4,705 shares of the company's stock worth $247,000 after buying an additional 373 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its position in Monster Beverage by 14.0% during the 4th quarter. Atomi Financial Group Inc. now owns 9,321 shares of the company's stock worth $490,000 after buying an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MNST. Citigroup upped their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. UBS Group upped their target price on shares of Monster Beverage from $62.00 to $63.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Roth Capital upped their target price 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. Wells Fargo & Company upped their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group set a $67.00 target price on shares of Monster Beverage and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Monster Beverage has an average rating of "Moderate Buy" and a consensus price target of $60.81.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 8,796 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the completion of the sale, the insider now directly owns 89,501 shares of the company's stock, 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, insider Guy Carling sold 47,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares of the company's stock, valued at $1,210,054.86. This represents a 68.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 217,112 shares of company stock valued at $12,033,838. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Up 0.8%

NASDAQ MNST traded up $0.49 during trading hours on Friday, reaching $63.36. 3,508,902 shares of the company's stock were exchanged, compared to its average volume of 6,940,639. The company's 50-day moving average is $59.26 and its two-hundred day moving average is $54.58. Monster Beverage Co. has a one year low of $43.32 and a one year high of $63.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $61.79 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business earned $0.42 EPS. Monster Beverage's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

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.