Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 1,104.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,121 shares of the company’s stock after buying an additional 15,699 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Monster Beverage were worth $987,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNST. Peoples Bank KS acquired a new position in Monster Beverage in the 3rd quarter valued at about $26,000. Headinvest LLC purchased a new position in Monster Beverage during the third quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Monster Beverage during the third quarter valued at about $31,000. Catalyst Capital Advisors LLC raised its stake in shares of Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after acquiring an additional 199 shares during the period. Finally, DT Investment Partners LLC acquired a new position in shares of Monster Beverage in the 3rd quarter worth approximately $53,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Down 1.4 %

MNST opened at $54.22 on Tuesday. The business has a 50 day moving average price of $56.81 and a two-hundred day moving average price of $55.89. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The company has a market cap of $56.48 billion, a PE ratio of 34.10, a P/E/G ratio of 2.27 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus lowered their target price on Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 29th. Royal Bank of Canada boosted their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Redburn Atlantic began coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating for the company. Piper Sandler increased their price objective on Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a report on Friday. Finally, Jefferies Financial Group boosted their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.32.

Insider Activity

In related news, Director Mark J. Hall sold 659,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 9.40% of the company’s stock.

Monster Beverage Company 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.