Integrated Wealth Concepts LLC Acquires 5,034 Shares of Monster Beverage Co. (NASDAQ:MNST)

Integrated Wealth Concepts LLC grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 28.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,786 shares of the company's stock after buying an additional 5,034 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Monster Beverage were worth $1,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after buying an additional 203 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock valued at $714,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after purchasing an additional 213 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Monster Beverage by 1.9% in the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock valued at $622,000 after purchasing an additional 217 shares during the period. Finally, Level Four Advisory Services LLC boosted its holdings 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. Institutional investors own 72.36% of the company's stock.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock valued at $11,484,440 in the last ninety days. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group boosted their price target on Monster Beverage from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Truist Financial boosted their price target on Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, April 23rd. Morgan Stanley boosted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and an average price target of $58.39.

Monster Beverage Price Performance

Monster Beverage stock opened at $59.25 on Wednesday. The company's 50 day simple moving average is $56.75 and its 200-day simple moving average is $53.57. The company has a market capitalization of $57.66 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current 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.

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