Marshall Financial Group LLC Acquires 1,420 Shares of Monster Beverage Co. (NASDAQ:MNST)

Marshall Financial Group LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,504 shares of the company’s stock after acquiring an additional 1,420 shares during the quarter. Marshall Financial Group LLC’s holdings in Monster Beverage were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in Monster Beverage in the 4th quarter valued at approximately $27,000. Headinvest LLC acquired a new position in shares of Monster Beverage in the third quarter valued at $28,000. Tortoise Investment Management LLC lifted its position in Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares during the period. Rise Advisors LLC boosted its stake in Monster Beverage by 187.6% during the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock worth $42,000 after buying an additional 467 shares in the last quarter. Finally, Redmont Wealth Advisors LLC bought a new stake in Monster Beverage in the 1st quarter valued at $66,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ:MNST traded down $0.18 on Thursday, hitting $49.16. 4,172,739 shares of the stock were exchanged, compared to its average volume of 13,626,072. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.96 and a beta of 0.76. The company’s 50-day moving average price is $51.98 and its 200 day moving average price is $55.16.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MNST. Wells Fargo & Company reduced their price objective on shares of Monster Beverage from $65.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. UBS Group decreased their price objective on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Stifel Nicolaus dropped their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a report on Monday, June 17th. Roth Mkm decreased their price target on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. lowered Monster Beverage from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.05.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark J. Hall sold 250,000 shares of Monster Beverage stock in a transaction on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark Vidergauz sold 15,077 shares of Monster Beverage 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 transaction, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 307,221 shares of company stock worth $16,070,374. Insiders own 7.80% 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.