Arkfeld Wealth Strategies L.L.C. Makes New $226,000 Investment in Monster Beverage Co. (NASDAQ:MNST)

Arkfeld Wealth Strategies L.L.C. bought a new position in Monster Beverage Co. (NASDAQ:MNST) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,123 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its position in shares of Monster Beverage by 18.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 38,193 shares of the company’s stock valued at $2,264,000 after buying an additional 5,816 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Monster Beverage by 3.0% during the 1st quarter. Annex Advisory Services LLC now owns 67,285 shares of the company’s stock valued at $3,989,000 after purchasing an additional 1,981 shares in the last quarter. Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Monster Beverage during the 1st quarter valued at about $231,000. Ballentine Partners LLC boosted its position in shares of Monster Beverage by 3.5% during the 1st quarter. Ballentine Partners LLC now owns 7,698 shares of the company’s stock valued at $456,000 after purchasing an additional 257 shares in the last quarter. Finally, Security Financial Services INC. bought a new stake in shares of Monster Beverage during the 1st quarter valued at about $216,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST traded up $0.32 during mid-day trading on Wednesday, reaching $50.46. 6,093,569 shares of the company’s stock traded hands, compared to its average volume of 7,621,324. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22. The firm has a market capitalization of $52.57 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 1.99 and a beta of 0.76. The company has a 50 day moving average price of $52.45 and a 200-day moving average price of $55.40.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, analysts forecast that Monster Beverage Co. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on MNST. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. HSBC decreased their target price 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. Truist Financial lowered Monster Beverage from a “buy” rating to a “sell” rating and cut their price target for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. Jefferies Financial Group lifted their price objective on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Monster Beverage from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.10.

Insider Transactions at Monster Beverage

In other news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares in the company, valued at approximately $3,534,458.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock valued at $16,070,374 in the last ninety days. 7.80% of the stock is currently 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.