Freestone Capital Holdings LLC Acquires 975 Shares of Monster Beverage Co. (NASDAQ:MNST)

Freestone Capital Holdings LLC grew its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,062 shares of the company’s stock after buying an additional 975 shares during the period. Freestone Capital Holdings LLC’s holdings in Monster Beverage were worth $3,209,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sustainable Insight Capital Management LLC acquired a new stake in shares of Monster Beverage during the 4th quarter valued at $1,214,000. Van ECK Associates Corp boosted its stake in Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company’s stock worth $8,101,000 after acquiring an additional 7,780 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Monster Beverage by 6.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company’s stock valued at $13,124,000 after buying an additional 15,611 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Monster Beverage by 6.7% during the third quarter. Daiwa Securities Group Inc. now owns 151,364 shares of the company’s stock worth $7,897,000 after purchasing an additional 9,496 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at $7,090,000. 72.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Trading Up 1.0 %

Shares of Monster Beverage stock opened at $55.35 on Thursday. The firm has a 50-day simple moving average of $50.44 and a two-hundred day simple moving average of $51.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company has a market cap of $53.83 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion for 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%. As a group, equities analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Argus lifted their target price on shares of Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.47.

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.