Triad Wealth Partners LLC Purchases Shares of 4,504 Monster Beverage Co. (NASDAQ:MNST)

Triad Wealth Partners LLC purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,504 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in 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 during the last quarter. Spire Wealth Management acquired a new position in Monster Beverage during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage during the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in Monster Beverage during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

MNST has been the subject of several research reports. Morgan Stanley increased their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Argus increased their price objective on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. TD Cowen increased their price objective on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, Stifel Nicolaus increased their price objective on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of “Hold” and a consensus target price of $56.47.

Monster Beverage Stock Up 1.0 %

Shares of NASDAQ MNST opened at $55.35 on Thursday. The stock has a market cap of $53.83 billion, a PE ratio of 35.48, a PEG ratio of 2.28 and a beta of 0.74. The business has a fifty day moving average of $50.44 and a two-hundred day moving average of $51.36. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. 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 (NASDAQ:MNST) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

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.