Captrust Financial Advisors Increases Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Captrust Financial Advisors raised its position in Monster Beverage Co. (NASDAQ:MNST) by 34.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,036 shares of the company’s stock after acquiring an additional 7,167 shares during the quarter. Captrust Financial Advisors’ holdings in Monster Beverage were worth $1,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Spire Wealth Management purchased a new stake in Monster Beverage during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage during the fourth quarter worth about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Monster Beverage during the fourth quarter worth about $33,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. Morgan Stanley boosted their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Bank of America boosted their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. Finally, CICC Research raised Monster Beverage from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $65.00 in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.42.

Monster Beverage Price Performance

MNST stock opened at $60.23 on Wednesday. The company has a market capitalization of $58.74 billion, a P/E ratio of 38.61, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $62.46. The business has a 50 day simple moving average of $58.09 and a 200-day simple moving average of $54.06. 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 (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. 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 business earned $0.42 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 76,201 shares of the company’s stock, valued at $4,220,011.38. This trade represents a 54.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 over the last 90 days. 8.30% of the stock is currently owned by insiders.

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.