Argentarii LLC Invests $269,000 in Monster Beverage Co. (NASDAQ:MNST)

Argentarii LLC purchased a new position in Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,111 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Monster Beverage in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Monster Beverage in the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage in the fourth quarter worth approximately $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage in the fourth quarter worth approximately $33,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNST. Argus lifted their price objective on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TD Cowen lifted their price objective on Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Citigroup lifted their price objective on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, UBS Group lifted their price objective on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.83.

Monster Beverage Trading Down 1.1 %

Shares of NASDAQ MNST opened at $55.07 on Monday. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $50.55 and a 200-day simple moving average of $51.51. The stock has a market capitalization of $53.59 billion, a PE ratio of 35.30, a PEG ratio of 2.28 and a beta of 0.71.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

About Monster Beverage

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.