Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,569 shares of the company’s stock after buying an additional 1,395 shares during the period. Proficio Capital Partners LLC’s holdings in Monster Beverage were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management purchased a new position in shares of Monster Beverage during the fourth quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage in the fourth quarter valued at $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Down 0.1 %

MNST opened at $57.76 on Thursday. The company has a market cap of $56.21 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.13. The company has a 50-day moving average price of $51.84 and a 200 day moving average price of $52.28. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Sell-side analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MNST. JPMorgan Chase & Co. upped their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Citigroup boosted their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley raised their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.83.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark J. Hall sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the completion of the transaction, the director now directly owns 296,846 shares in the company, valued at $16,178,107. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is 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.