Integrated Wealth Concepts LLC Has $1.20 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Integrated Wealth Concepts LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,786 shares of the company's stock after acquiring 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after purchasing an additional 203 shares in the last quarter. CWA Asset Management Group LLC raised its position in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock worth $367,000 after acquiring an additional 213 shares in the last quarter. CreativeOne Wealth LLC increased its stake in shares of Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock worth $622,000 after purchasing an additional 217 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in Monster Beverage by 4.6% in the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after buying an additional 220 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares of the company's stock, valued at $1,210,054.86. This trade represents a 68.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction 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 transaction, 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. Over the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Truist Financial upped their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, April 23rd. Jefferies Financial Group upped their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company upped their price objective on Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Monday. Finally, UBS Group increased their price objective on Monster Beverage from $57.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Two equities 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $58.89.

Monster Beverage Price Performance

MNST traded up $0.68 on Monday, hitting $60.73. 854,574 shares of the company's stock traded hands, compared to its average volume of 6,975,417. The company's 50 day simple moving average is $57.19 and its 200-day simple moving average is $53.72. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.76. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market cap of $59.22 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 2.28 and a beta of 0.63.

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