Fidelis Capital Partners LLC Grows Position in Monster Beverage Co. (NASDAQ:MNST)

Fidelis Capital Partners LLC raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,614 shares of the company’s stock after acquiring an additional 309 shares during the period. Fidelis Capital Partners LLC’s holdings in Monster Beverage were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management bought a new stake in Monster Beverage in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage in the 4th quarter worth approximately $33,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MNST. BNP Paribas dropped their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Citigroup lifted their target price on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. TD Cowen lifted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Two investment 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. According to data from MarketBeat, Monster Beverage has an average rating of “Hold” and an average target price of $56.47.

Monster Beverage Trading Down 0.6 %

Shares of MNST opened at $54.82 on Wednesday. The business’s 50-day moving average price is $50.39 and its 200-day moving average price is $51.33. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The stock has a market cap of $53.31 billion, a PE ratio of 35.14, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) 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 firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. On average, equities analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.80% of the stock is owned by corporate 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.