Zions Bancorporation N.A. Has $4.02 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Zions Bancorporation N.A. grew its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 76,520 shares of the company’s stock after purchasing an additional 11,652 shares during the period. Zions Bancorporation N.A.’s holdings in Monster Beverage were worth $4,022,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 62.5% in the 4th 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 last quarter. Spire Wealth Management bought a new stake in shares of Monster Beverage in the 4th quarter worth $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage during the fourth quarter valued at about $33,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.9 %

Monster Beverage stock opened at $57.83 on Tuesday. The firm has a 50 day simple moving average of $51.51 and a 200 day simple moving average of $52.18. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $60.13. The firm has a market capitalization of $56.28 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.28 and a beta of 0.71.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MNST shares. JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Morgan Stanley upped their target price on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 28th. BNP Paribas dropped their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.83.

Insider Activity

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was 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 directly owns 72,273 shares in the company, valued at $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock worth $11,484,440 over the last ninety days. Company insiders own 7.80% of the company’s stock.

Monster Beverage Company 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.