Executive Wealth Management LLC purchased a new position in shares of Monster Beverage Corp (NASDAQ:MNST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 704 shares of the company’s stock, valued at approximately $35,000.
Several other large investors have also recently added to or reduced their stakes in the company. Berman Capital Advisors LLC bought a new stake in Monster Beverage in the fourth quarter valued at approximately $33,000. Baystate Wealth Management LLC boosted its holdings in Monster Beverage by 555.6% in the fourth quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock valued at $39,000 after acquiring an additional 600 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Monster Beverage in the fourth quarter valued at approximately $56,000. Rockland Trust Co. acquired a new position in Monster Beverage in the fourth quarter valued at approximately $49,000. Finally, Bessemer Group Inc. lifted its stake in Monster Beverage by 18.1% in the fourth quarter. Bessemer Group Inc. now owns 1,277 shares of the company’s stock valued at $62,000 after buying an additional 196 shares during the period. Institutional investors own 66.25% of the company’s stock.
Several brokerages have issued reports on MNST. UBS Group set a $48.00 price target on Monster Beverage and gave the company a “sell” rating in a research note on Friday, January 18th. ValuEngine raised Monster Beverage from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. BidaskClub raised Monster Beverage from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. SunTrust Banks boosted their price target on Monster Beverage to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, BMO Capital Markets boosted their price target on Monster Beverage from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.09.
Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $924.23 million during the quarter, compared to the consensus estimate of $907.75 million. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. On average, analysts predict that Monster Beverage Corp will post 2.01 EPS for the current fiscal year.
In related news, Director Harold C. Taber, Jr. sold 11,772 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $63.58, for a total transaction of $748,463.76. Following the sale, the director now owns 72,240 shares of the company’s stock, valued at approximately $4,593,019.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas J. Kelly sold 25,719 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $59.68, for a total value of $1,534,909.92. Following the sale, the executive vice president now directly owns 35,370 shares in the company, valued at approximately $2,110,881.60. The disclosure for this sale can be found here. Insiders have sold a total of 62,253 shares of company stock valued at $3,842,637 in the last quarter. 9.70% of the stock is owned by corporate insiders.
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About Monster Beverage
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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