Fortis Capital Advisors LLC Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Fortis Capital Advisors LLC purchased a new position in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,246 shares of the company’s stock, valued at approximately $648,000.

A number of other institutional investors have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 valued at $211,000 after purchasing an additional 196 shares during the last quarter. Catalyst Capital Advisors LLC boosted its holdings in shares of Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Monster Beverage by 2.6% during the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after purchasing an additional 199 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Monster Beverage by 3.7% during the 4th quarter. CENTRAL TRUST Co now owns 5,908 shares of the company’s stock valued at $340,000 after purchasing an additional 213 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Monster Beverage by 0.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 43,716 shares of the company’s stock valued at $2,315,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded up $0.06 during trading on Friday, reaching $52.70. 7,137,661 shares of the company were exchanged, compared to its average volume of 6,545,818. The firm has a market capitalization of $54.90 billion, a PE ratio of 33.14, a P/E/G ratio of 2.21 and a beta of 0.74. The business’s fifty day simple moving average is $55.47 and its 200-day simple moving average is $56.07. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations 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 was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. On average, sell-side analysts anticipate that Monster Beverage Co. will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of Monster Beverage from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. BMO Capital Markets lowered their price target on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Stifel Nicolaus lowered their price target on shares of Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 29th. UBS Group lowered their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Finally, Jefferies Financial Group increased their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.32.

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.