KFG Wealth Management LLC Purchases 466 Shares of Monster Beverage Co. (NASDAQ:MNST)

KFG Wealth Management LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,772 shares of the company’s stock after buying an additional 466 shares during the quarter. KFG Wealth Management LLC’s holdings in Monster Beverage were worth $461,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MNST. ICA Group Wealth Management LLC bought a new position in shares of Monster Beverage in the fourth quarter worth $27,000. Headinvest LLC bought a new position in Monster Beverage in the 3rd quarter worth about $28,000. Tortoise Investment Management LLC grew its holdings in Monster Beverage by 360.0% during the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 396 shares in the last quarter. Rise Advisors LLC increased its position in shares of Monster Beverage by 187.6% during the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock valued at $42,000 after buying an additional 467 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Monster Beverage by 40.8% in the fourth quarter. Quent Capital LLC now owns 1,180 shares of the company’s stock valued at $68,000 after acquiring an additional 342 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the transaction, the director now owns 532,754 shares in the company, valued at $27,820,413.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was 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 owns 68,167 shares of the company’s stock, valued at $3,534,458.95. 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 over the last three months. 7.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MNST has been the topic of a number of analyst reports. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their target price for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. 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 report on Thursday, April 25th. HSBC reduced 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. UBS Group lowered their price target on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Piper Sandler boosted their price objective on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $60.05.

Monster Beverage Stock Down 0.4 %

Shares of MNST traded down $0.18 during trading hours on Wednesday, hitting $49.16. The company had a trading volume of 4,172,023 shares, compared to its average volume of 7,570,869. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The stock’s 50 day moving average price is $52.09 and its 200 day moving average price is $55.20. The firm has a market cap of $51.21 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.98 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last announced its quarterly 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 during 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%. Monster Beverage’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, research analysts expect that Monster Beverage Co. will post 1.76 EPS 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.