Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,235 shares of the company’s stock after purchasing an additional 14,055 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Monster Beverage were worth $9,841,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 62.5% in the fourth 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 in the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the sale, 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. In the last 90 days, insiders sold 208,316 shares of company stock valued at $11,484,440. Company insiders own 8.30% of the company’s stock.

Monster Beverage Trading Up 0.9%

Monster Beverage stock opened at $62.86 on Friday. The company has a 50 day moving average price of $58.49 and a 200 day moving average price of $54.25. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $62.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The firm has a market capitalization of $61.30 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue was down 2.3% on a year-over-year basis. Research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Monster Beverage from $57.00 to $66.00 and gave the company a “buy” rating in a report on Friday, April 25th. CICC Research upgraded shares of Monster Beverage from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $56.00 to $65.00 in a report on Monday, May 12th. Truist Financial increased their price objective on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Monster Beverage from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, Roth Mkm raised their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.50.

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.