Peloton Wealth Strategists Buys 2,550 Shares of Monster Beverage Co. (NASDAQ:MNST)

Peloton Wealth Strategists grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,395 shares of the company’s stock after purchasing an additional 2,550 shares during the quarter. Peloton Wealth Strategists’ holdings in Monster Beverage were worth $2,333,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $33,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Monster Beverage by 16,085.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock valued at $59,000 after acquiring an additional 1,126 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research analyst reports. Argus increased their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft decreased their price target on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Needham & Company LLC started coverage on Monster Beverage in a research report on Friday, December 6th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.53.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $51.92 on Friday. The stock has a market cap of $50.49 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock has a fifty day moving average of $50.21 and a 200-day moving average of $51.08.

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