Krilogy Financial LLC Buys New Stake in Monster Beverage Corporation $MNST

Krilogy Financial LLC purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the third quarter, HoldingsChannel reports. The institutional investor purchased 7,120 shares of the company’s stock, valued at approximately $483,000.

Several other large investors also recently modified their holdings of the stock. Physician Wealth Advisors Inc. lifted its position in shares of Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after buying an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. bought a new stake in Monster Beverage in the third quarter valued at $27,000. Access Investment Management LLC acquired a new position in Monster Beverage during the second quarter worth $25,000. First Horizon Corp bought a new position in shares of Monster Beverage during the third quarter valued at $29,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Monster Beverage during the second quarter valued at $28,000. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Performance

NASDAQ:MNST opened at $81.48 on Friday. The company has a market cap of $79.61 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 2.12 and a beta of 0.45. The stock’s fifty day moving average price is $78.17 and its two-hundred day moving average price is $70.86. Monster Beverage Corporation has a 52-week low of $48.95 and a 52-week high of $83.24.

Insider Buying and Selling at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the transaction, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 price objective (up previously from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. The Goldman Sachs Group lifted their target price on shares of Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $73.00 price target (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Finally, TD Cowen reissued a “hold” rating on shares of Monster Beverage in a research note on Thursday, January 8th. Fourteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.90.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.