Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 82,448 shares of the company’s stock after acquiring an additional 272 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Monster Beverage were worth $4,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in MNST. Empowered Funds LLC boosted its stake in Monster Beverage by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 24,921 shares of the company’s stock worth $1,300,000 after purchasing an additional 1,137 shares during the last quarter. Claro Advisors LLC acquired a new stake in Monster Beverage during the 3rd quarter worth $393,000. Thrivent Financial for Lutherans boosted its stake in Monster Beverage by 0.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company’s stock worth $2,045,000 after purchasing an additional 259 shares during the last quarter. Caprock Group LLC boosted its stake in Monster Beverage by 5.5% during the 3rd quarter. Caprock Group LLC now owns 14,057 shares of the company’s stock worth $733,000 after purchasing an additional 733 shares during the last quarter. Finally, Knuff & Co LLC boosted its stake in Monster Beverage by 24.5% during the 3rd quarter. Knuff & Co LLC now owns 94,989 shares of the company’s stock worth $4,956,000 after purchasing an additional 18,669 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. This represents a 68.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 over the last three months. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNST. JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Morgan Stanley lifted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of “Hold” and a consensus target price of $55.83.

Monster Beverage Stock Up 1.0 %

Shares of MNST opened at $56.80 on Wednesday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market cap of $55.28 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company’s 50-day moving average price is $50.99 and its 200 day moving average price is $51.92. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.03.

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%. On average, sell-side analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

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.