Lido Advisors LLC Buys 10,712 Shares of Monster Beverage Co. (NASDAQ:MNST)

Lido Advisors LLC lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 42.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,978 shares of the company's stock after acquiring an additional 10,712 shares during the period. Lido Advisors LLC's holdings in Monster Beverage were worth $1,891,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MNST. Sustainable Insight Capital Management LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $1,214,000. Van ECK Associates Corp increased its stake in Monster Beverage by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock valued at $8,101,000 after buying an additional 7,780 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in Monster Beverage during the 4th quarter worth about $7,090,000. Diversified Trust Co acquired a new position in shares of Monster Beverage during the 4th quarter worth about $733,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in shares of Monster Beverage in the 4th quarter valued at about $423,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 1.0 %

MNST stock opened at $59.52 on Friday. The business's fifty day moving average price is $57.03 and its two-hundred day moving average price is $53.67. The stock has a market capitalization of $57.92 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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 the consensus estimate of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, equities analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Citigroup raised their target price on shares of Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Royal Bank of Canada restated an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Bank of America increased their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.39.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 47,000 shares of the company'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 completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,316 shares of company stock worth $11,484,440. Company insiders own 7.80% of the company's stock.

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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