Realta Investment Advisors acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,270 shares of the company’s stock, valued at approximately $361,000.
Other hedge funds also recently modified their holdings of the company. Freedom Wealth Alliance LLC bought a new position in Monster Beverage during the 4th quarter worth $25,000. Peoples Bank KS bought a new position in Monster Beverage during the 3rd quarter worth $26,000. Resurgent Financial Advisors LLC bought a new position in Monster Beverage during the 4th quarter worth $26,000. Ancora Advisors LLC bought a new position in Monster Beverage during the 1st quarter worth $27,000. Finally, Quarry LP raised its position in shares of Monster Beverage by 276.1% in the 1st quarter. Quarry LP now owns 504 shares of the company’s stock worth $27,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.
Monster Beverage Stock Up 0.1 %
Shares of NASDAQ MNST opened at $59.28 on Monday. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22. The stock’s 50 day moving average price is $57.33 and its 200-day moving average price is $55.46. The company has a market capitalization of $61.69 billion, a PE ratio of 38.25, a PEG ratio of 2.29 and a beta of 0.72.
Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. Monster Beverage’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts expect that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.Insider Activity at Monster Beverage
In related news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the transaction, the director now owns 777,840 shares in the company, valued at $45,542,532. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 9.40% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, February 26th. BMO Capital Markets boosted their target price on Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. Jefferies Financial Group boosted their target price on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. UBS Group boosted their target price on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Morgan Stanley boosted their target price on Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.55.
Check Out Our Latest Research Report on MNST
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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