Wealth Enhancement Advisory Services LLC Boosts Stock Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Wealth Enhancement Advisory Services LLC grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,501 shares of the company's stock after purchasing an additional 8,155 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Monster Beverage were worth $2,136,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage in the 4th quarter worth $31,000. Coppell Advisory Solutions LLC increased its holdings in Monster Beverage by 259.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after acquiring an additional 495 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Monster Beverage in the 4th quarter worth $36,000. CVA Family Office LLC increased its holdings in Monster Beverage by 28.6% in the 1st quarter. CVA Family Office LLC now owns 1,519 shares of the company's stock worth $89,000 after acquiring an additional 338 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in Monster Beverage by 541.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company's stock worth $90,000 after acquiring an additional 1,446 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 transaction, the insider now owns 89,501 shares of the company's stock, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 27,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.30% of the company's stock.

Monster Beverage Trading Down 0.8%

Shares of MNST stock opened at $61.71 on Friday. The company's 50-day moving average price is $61.95 and its 200-day moving average price is $56.15. 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 has a market cap of $60.18 billion, a price-to-earnings ratio of 40.60, a PEG ratio of 2.19 and a beta of 0.60. Monster Beverage Corporation has a twelve month low of $43.32 and a twelve month high of $64.45.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MNST shares. Citigroup boosted their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, April 14th. Morgan Stanley boosted their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Stifel Nicolaus initiated coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price target for the company. CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $56.00 to $65.00 in a report on Monday, May 12th. Finally, Bank of America upped their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

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