Fiduciary Trust Co Purchases 2,094 Shares of Monster Beverage Co. (NASDAQ:MNST)

Fiduciary Trust Co grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,117 shares of the company’s stock after buying an additional 2,094 shares during the period. Fiduciary Trust Co’s holdings in Monster Beverage were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of MNST. Principal Financial Group Inc. boosted its stake in Monster Beverage by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,363,935 shares of the company’s stock worth $71,156,000 after purchasing an additional 141,495 shares during the period. Graypoint LLC boosted its position in shares of Monster Beverage by 5.1% in the fourth quarter. Graypoint LLC now owns 6,487 shares of the company’s stock valued at $341,000 after acquiring an additional 314 shares during the period. Czech National Bank grew its stake in Monster Beverage by 5.7% during the fourth quarter. Czech National Bank now owns 151,821 shares of the company’s stock valued at $7,980,000 after acquiring an additional 8,150 shares in the last quarter. Wedmont Private Capital increased its holdings in Monster Beverage by 12.2% during the 4th quarter. Wedmont Private Capital now owns 12,146 shares of the company’s stock worth $604,000 after acquiring an additional 1,319 shares during the period. Finally, Marshall & Sullivan Inc. WA lifted its stake in Monster Beverage by 0.3% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 87,349 shares of the company’s stock worth $4,591,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $61.14 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.83. The firm has a market cap 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 business has a 50 day moving average price of $57.88 and a 200-day moving average price of $53.96.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on 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 owns 72,273 shares of the company’s stock, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock valued at $11,484,440 over the last ninety days. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. Truist Financial boosted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, April 23rd. Piper Sandler raised their price target on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. TD Cowen raised their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and an average target price of $60.17.

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.