PFG Investments LLC Has $447,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

PFG Investments LLC raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 7,761 shares of the company’s stock after purchasing an additional 199 shares during the quarter. PFG Investments LLC’s holdings in Monster Beverage were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Freedom Wealth Alliance LLC acquired a new position in Monster Beverage during the fourth quarter valued at approximately $25,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Monster Beverage in the fourth quarter worth $26,000. Ancora Advisors LLC acquired a new stake in shares of Monster Beverage in the first quarter worth $27,000. Peoples Bank KS acquired a new stake in shares of Monster Beverage in the third quarter worth $26,000. Finally, Quarry LP grew its stake in shares of Monster Beverage by 276.1% in the first quarter. Quarry LP now owns 504 shares of the company’s stock worth $27,000 after acquiring an additional 370 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $59.20 on Thursday. The stock has a market cap of $61.61 billion, a PE ratio of 38.19, a PEG ratio of 2.29 and a beta of 0.72. The business has a fifty day moving average of $57.20 and a two-hundred day moving average of $55.39. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Analysts predict that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction dated 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 completion of the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MNST shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. The Goldman Sachs Group lifted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Citigroup lifted their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley lifted their price target on shares of Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, UBS Group lifted their price target on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.55.

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.