Fidelis Capital Partners LLC Has $375,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Fidelis Capital Partners LLC increased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,517 shares of the company’s stock after buying an additional 1,381 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Monster Beverage were worth $375,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in Monster Beverage by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 10,286 shares of the company’s stock worth $822,000 after buying an additional 161 shares during the period. Blair William & Co. IL raised its stake in Monster Beverage by 7.5% during the 1st quarter. Blair William & Co. IL now owns 2,537 shares of the company’s stock worth $203,000 after buying an additional 177 shares during the period. Delta Financial Advisors LLC raised its stake in Monster Beverage by 0.9% during the 3rd quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock worth $1,015,000 after buying an additional 180 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Monster Beverage by 5.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after buying an additional 196 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after buying an additional 199 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $53.14 on Friday. The stock has a market cap of $55.30 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.08 and a beta of 0.72. The stock’s 50 day simple moving average is $57.19 and its two-hundred day simple moving average is $55.49. 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 released its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts predict that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Analysts Set New Price Targets

MNST has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Morgan Stanley increased their price objective on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. HSBC decreased their price target on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Finally, Jefferies Financial Group increased their price target on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.11.

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.