Cwm LLC Has $1.33 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Cwm LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 55.7% in the 1st quarter, HoldingsChannel reports. The fund owned 22,444 shares of the company’s stock after purchasing an additional 8,028 shares during the period. Cwm LLC’s holdings in Monster Beverage were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in MNST. ICA Group Wealth Management LLC acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $27,000. Headinvest LLC acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $28,000. Tortoise Investment Management LLC raised its holdings in shares of Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 396 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Monster Beverage by 40.8% in the 4th quarter. Quent Capital LLC now owns 1,180 shares of the company’s stock worth $68,000 after buying an additional 342 shares in the last quarter. Finally, Annapolis Financial Services LLC raised its holdings in shares of Monster Beverage by 272.5% in the 4th quarter. Annapolis Financial Services LLC now owns 1,542 shares of the company’s stock worth $89,000 after buying an additional 1,128 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ MNST opened at $48.42 on Thursday. The stock has a fifty day moving average of $52.87 and a 200-day moving average of $55.53. The stock has a market capitalization of $50.44 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts forecast that Monster Beverage Co. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of Monster Beverage stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock valued at $16,070,374 over the last three months. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Redburn Atlantic assumed coverage on Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating for the company. HSBC dropped their target price on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $65.00 target price on shares of Monster Beverage in a report on Friday, June 14th. Roth Mkm dropped their price target on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. cut Monster Beverage from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $59.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.79.

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.