NewEdge Advisors LLC Boosts Holdings in Monster Beverage Co. (NASDAQ:MNST)

NewEdge Advisors LLC grew its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,702 shares of the company's stock after acquiring an additional 6,538 shares during the period. NewEdge Advisors LLC's holdings in Monster Beverage were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Monster Beverage by 62.5% in 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 period. Bleakley Financial Group LLC boosted its stake in Monster Beverage by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after acquiring an additional 203 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Monster Beverage by 3.1% during 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 increased its stake in 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 in the last quarter. Finally, Level Four Advisory Services LLC raised its holdings in Monster Beverage by 4.6% in the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after purchasing an additional 220 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

NASDAQ:MNST traded up $0.22 during trading hours on Tuesday, hitting $58.71. The company's stock had a trading volume of 384,491 shares, compared to its average volume of 7,015,593. The company has a market capitalization of $57.13 billion, a P/E ratio of 37.72, a PEG ratio of 2.28 and a beta of 0.64. 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 Co. has a twelve month low of $43.32 and a twelve month high of $60.34. The stock has a fifty day simple moving average of $56.59 and a 200-day simple moving average of $53.53.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.80 billion. On average, analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

MNST has been the topic of a number of research analyst reports. Bank of America raised their price target on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. 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 note on Wednesday, April 16th. Citigroup boosted their target price on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Finally, Wells Fargo & Company lifted their target price on Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.39.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm'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 completion of the transaction, the chief financial officer now owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15 % 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, Director Mark J. Hall sold 12,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the sale, the director now owns 296,846 shares of the company's stock, valued at approximately $16,178,107. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,316 shares of company stock worth $11,484,440. 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.