NewEdge Advisors LLC Has $1.51 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

NewEdge Advisors LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 29.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,702 shares of the company’s stock after buying an additional 6,538 shares during the period. NewEdge Advisors LLC’s holdings in Monster Beverage were worth $1,509,000 at the end of the most recent quarter.

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

Monster Beverage Stock Down 0.2 %

MNST opened at $59.15 on Thursday. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company’s 50-day moving average is $56.11 and its 200 day moving average is $53.30. The firm has a market capitalization of $57.56 billion, a P/E ratio of 37.92, a PEG ratio of 2.28 and a beta of 0.64.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MNST. JPMorgan Chase & Co. boosted their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. UBS Group upped their price objective on shares of Monster Beverage from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Truist Financial increased their price objective on shares of Monster Beverage from $40.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, Morgan Stanley increased their price target on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $57.89.

Insiders Place Their Bets

In related news, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the transaction, the chief financial officer now owns 72,273 shares of the company’s stock, valued at approximately $3,994,528.71. The trade was a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,316 shares of company stock valued at $11,484,440. Insiders own 7.80% of the company’s stock.

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.