Teamwork Financial Advisors LLC Has $12.66 Million Stock Position in Monster Beverage Corporation $MNST

Teamwork Financial Advisors LLC increased its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 431.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,100 shares of the company’s stock after acquiring an additional 152,682 shares during the period. Teamwork Financial Advisors LLC’s holdings in Monster Beverage were worth $12,661,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Access Investment Management LLC bought a new stake in Monster Beverage during the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC purchased a new position in shares of Monster Beverage during the second quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. boosted its position in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after buying an additional 415 shares during the last quarter. Armstrong Advisory Group Inc. grew its holdings in Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its position in Monster Beverage by 647.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after buying an additional 479 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MNST shares. Citigroup reaffirmed a “buy” rating and set a $87.00 price objective (up from $82.00) on shares of Monster Beverage in a report on Wednesday. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. UBS Group boosted their price target on shares of Monster Beverage from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.00 price objective on shares of Monster Beverage in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.29.

Insider Activity at Monster Beverage

In other news, insider Guy Carling sold 38,438 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the transaction, the insider owned 21,993 shares of the company’s stock, valued at $1,568,760.69. This represents a 63.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 274,981 shares of company stock worth $20,138,516. Insiders own 8.30% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ MNST opened at $75.46 on Friday. The company has a market capitalization of $73.73 billion, a PE ratio of 42.88, a price-to-earnings-growth ratio of 2.23 and a beta of 0.48. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $76.28. The company has a 50-day simple moving average of $71.35 and a 200 day simple moving average of $65.88.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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.