Farther Finance Advisors LLC Reduces Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Farther Finance Advisors LLC lowered its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,010 shares of the company’s stock after selling 621 shares during the quarter. Farther Finance Advisors LLC’s holdings in Monster Beverage were worth $316,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Monster Beverage by 62.5% during the 4th 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 during the period. Spire Wealth Management purchased a new position in Monster Beverage during the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in Monster Beverage during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new position in Monster Beverage during the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in Monster Beverage during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 2.0 %

Shares of MNST stock opened at $56.21 on Tuesday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.21. The stock’s fifty day moving average price is $50.89 and its 200 day moving average price is $51.85. 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 has a market cap of $54.70 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.

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 the consensus estimate of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. On average, research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MNST. Morgan Stanley boosted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 28th. BNP Paribas decreased their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, UBS Group lifted their target price on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.83.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 12,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the transaction, the director now directly owns 296,846 shares in the company, valued at $16,178,107. The trade was a 3.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Guy Carling sold 47,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the transaction, the insider now owns 21,993 shares in the company, valued at approximately $1,210,054.86. This trade represents a 68.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 198,316 shares of company stock worth $10,931,740 in the last ninety days. 7.80% of the stock is owned by insiders.

Monster Beverage 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.