Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 51.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,089 shares of the company’s stock after acquiring an additional 3,784 shares during the quarter. CreativeOne Wealth LLC’s holdings in Monster Beverage were worth $657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of Monster Beverage during the 4th quarter valued at about $27,000. Tortoise Investment Management LLC boosted its position in shares of Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after acquiring an additional 396 shares during the last quarter. Crewe Advisors LLC acquired a new position in Monster Beverage in the first quarter valued at about $37,000. Rise Advisors LLC lifted its position in Monster Beverage by 187.6% in the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock valued at $42,000 after buying an additional 467 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Monster Beverage by 68.1% in the first quarter. Benjamin Edwards Inc. now owns 950 shares of the company’s stock valued at $56,000 after buying an additional 385 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.2 %

MNST traded up $0.61 on Friday, reaching $50.71. The company’s stock had a trading volume of 1,395,979 shares, compared to its average volume of 7,342,079. The stock has a 50 day moving average of $50.70 and a two-hundred day moving average of $54.45. The company has a market capitalization of $52.83 billion, a price-to-earnings ratio of 31.51, a P/E/G ratio of 2.02 and a beta of 0.76. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. As a group, analysts anticipate that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other news, Director Mark J. Hall sold 250,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the completion of the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark J. Hall sold 250,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the sale, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The disclosure for this sale can be found here. Insiders sold 307,221 shares of company stock valued at $16,070,374 over the last three months. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on MNST shares. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday. Morgan Stanley decreased their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their target price for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Citigroup decreased their target price on shares of Monster Beverage from $69.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Bank of America cut their price target on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and a consensus price target of $59.33.

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.