Aaron Wealth Advisors LLC Purchases 2,646 Shares of Monster Beverage Corporation (NASDAQ:MNST)

Aaron Wealth Advisors LLC increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,098 shares of the company’s stock after purchasing an additional 2,646 shares during the period. Aaron Wealth Advisors LLC’s holdings in Monster Beverage were worth $532,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Keybank National Association OH lifted its position in Monster Beverage by 11.0% during the first quarter. Keybank National Association OH now owns 25,878 shares of the company’s stock valued at $1,514,000 after acquiring an additional 2,555 shares during the last quarter. Summit Trail Advisors LLC lifted its position in Monster Beverage by 50.7% during the first quarter. Summit Trail Advisors LLC now owns 35,410 shares of the company’s stock valued at $2,072,000 after acquiring an additional 11,920 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Monster Beverage by 11.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 88,418 shares of the company’s stock worth $5,174,000 after buying an additional 8,851 shares during the last quarter. Elevate Capital Advisors LLC raised its holdings in shares of Monster Beverage by 6.3% in the first quarter. Elevate Capital Advisors LLC now owns 32,849 shares of the company’s stock worth $1,922,000 after buying an additional 1,957 shares during the last quarter. Finally, Alta Advisers Ltd purchased a new position in shares of Monster Beverage in the first quarter worth $207,000. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In other news, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the sale, the insider owned 89,501 shares of the company’s stock, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares in the company, valued at approximately $4,391,908.20. This trade represents a 28.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $63.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37. Monster Beverage Corporation has a one year low of $43.32 and a one year high of $64.45. The company’s 50-day simple moving average is $62.20 and its 200-day simple moving average is $56.33. The stock has a market capitalization of $61.48 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 2.25 and a beta of 0.59.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. Monster Beverage’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MNST shares. Morgan Stanley lifted their price objective on shares of Monster Beverage from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Bank of America boosted their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, April 25th. The Goldman Sachs Group increased their target price on Monster Beverage from $67.00 to $72.00 and gave the company a “buy” rating in a report on Friday, June 13th. Stifel Nicolaus initiated coverage on Monster Beverage in a report on Thursday, June 12th. They set a “buy” rating and a $72.00 price target for the company. Finally, UBS Group boosted their target price on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus target price of $62.05.

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.