Atria Investments Inc Has $9.97 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Atria Investments Inc grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,681 shares of the company’s stock after buying an additional 1,255 shares during the quarter. Atria Investments Inc’s holdings in Monster Beverage were worth $9,970,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the period. Spire Wealth Management acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST opened at $55.35 on Thursday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a market cap of $53.83 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.28 and a beta of 0.74. The firm’s 50-day simple moving average is $50.44 and its 200 day simple moving average is $51.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, sell-side analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNST. TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Citigroup increased their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Finally, UBS Group increased their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.47.

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.