Frank Rimerman Advisors LLC Has $552,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Frank Rimerman Advisors LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 33.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,498 shares of the company’s stock after acquiring an additional 2,607 shares during the period. Frank Rimerman Advisors LLC’s holdings in Monster Beverage were worth $552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First National Trust Co bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $200,000. Midwest Professional Planners LTD. lifted its holdings in shares of Monster Beverage by 11.7% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,952 shares of the company’s stock valued at $523,000 after purchasing an additional 1,044 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Monster Beverage by 77.9% in the fourth quarter. Intact Investment Management Inc. now owns 16,802 shares of the company’s stock valued at $883,000 after purchasing an additional 7,360 shares in the last quarter. Aviso Financial Inc. lifted its holdings in shares of Monster Beverage by 7.5% in the fourth quarter. Aviso Financial Inc. now owns 14,958 shares of the company’s stock valued at $786,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Monster Beverage by 9.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 191,310 shares of the company’s stock worth $10,055,000 after acquiring an additional 16,689 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $55.09 on Monday. The stock has a market cap of $53.61 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.21. 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 stock has a fifty day moving average of $50.80 and a 200-day moving average of $51.79.

Monster Beverage (NASDAQ:MNST) last announced its quarterly 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 net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Hall sold 48,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the transaction, the director now owns 296,846 shares of the company’s stock, valued at approximately $16,293,876.94. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,316 shares of company stock worth $10,277,740 over the last ninety days. 7.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. Morgan Stanley lifted 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. UBS Group lifted their price target on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage currently has a consensus rating of “Hold” and a consensus price target of $55.83.

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.