Monster Beverage Co. (NASDAQ:MNST) Stock Holdings Raised by PFG Investments LLC

PFG Investments LLC grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 18.6% during the first quarter, HoldingsChannel.com reports. The firm owned 9,207 shares of the company’s stock after purchasing an additional 1,446 shares during the period. PFG Investments LLC’s holdings in Monster Beverage were worth $546,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MNST. ICA Group Wealth Management LLC acquired a new position in Monster Beverage in the fourth quarter worth $27,000. Peoples Bank KS bought a new stake in shares of Monster Beverage during the 3rd quarter valued at about $26,000. Tortoise Investment Management LLC raised its stake in Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after acquiring an additional 396 shares during the period. Headinvest LLC bought a new position in Monster Beverage in the third quarter worth about $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Monster Beverage in the third quarter worth about $31,000. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MNST shares. BMO Capital Markets increased their price target on Monster Beverage from $57.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Stifel Nicolaus dropped their target price on Monster Beverage from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday. The Goldman Sachs Group raised their target price on Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, Redburn Atlantic started coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.68.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded up $0.76 during trading on Monday, hitting $54.13. The stock had a trading volume of 3,998,165 shares, compared to its average volume of 5,372,885. The business has a fifty day moving average of $56.95 and a two-hundred day moving average of $55.72. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22. The firm has a market cap of $56.33 billion, a P/E ratio of 34.92, a PEG ratio of 2.18 and a beta of 0.72.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the company earned $0.28 EPS. Monster Beverage’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Insider Activity at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the sale, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.40% of the company’s stock.

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.