Gen Wealth Partners Inc Purchases 3,457 Shares of Monster Beverage Co. (NASDAQ:MNST)

Gen Wealth Partners Inc grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 31.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,326 shares of the company’s stock after buying an additional 3,457 shares during the period. Gen Wealth Partners Inc’s holdings in Monster Beverage were worth $753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth purchased a new stake in Monster Beverage in the fourth quarter worth about $984,000. Ethic Inc. grew its stake in shares of Monster Beverage by 3.2% in the 4th quarter. Ethic Inc. now owns 21,457 shares of the company’s stock worth $1,128,000 after buying an additional 669 shares during the last quarter. Fiduciary Trust Co grew its stake in shares of Monster Beverage by 9.1% in the 4th quarter. Fiduciary Trust Co now owns 25,117 shares of the company’s stock worth $1,320,000 after buying an additional 2,094 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Monster Beverage by 286.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 67,885 shares of the company’s stock valued at $3,568,000 after buying an additional 50,339 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Monster Beverage by 19.7% during the fourth quarter. Deutsche Bank AG now owns 3,881,907 shares of the company’s stock valued at $204,033,000 after buying an additional 639,549 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MNST. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company upped their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Piper Sandler raised their price target on shares of Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday. 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, Monster Beverage has a consensus rating of “Hold” and a consensus price target of $60.17.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $61.14 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $59.62 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. The firm’s 50 day moving average price is $57.88 and its 200-day moving average price is $53.95. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.83.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

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.