Global Retirement Partners LLC Has $462,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

Global Retirement Partners LLC lifted its position in Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,948 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Global Retirement Partners LLC’s holdings in Monster Beverage were worth $462,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Monster Beverage by 8.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,482 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Monster Beverage by 112.2% in the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock valued at $10,339,000 after purchasing an additional 103,271 shares in the last quarter. Marshall Financial Group LLC acquired a new position in shares of Monster Beverage in the fourth quarter valued at $1,848,000. Gateway Investment Advisers LLC raised its stake in shares of Monster Beverage by 11.2% in the fourth quarter. Gateway Investment Advisers LLC now owns 489,596 shares of the company’s stock valued at $28,206,000 after purchasing an additional 49,220 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Monster Beverage by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,308,114 shares of the company’s stock valued at $69,265,000 after purchasing an additional 129,153 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Morgan Stanley upped their price target on Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. Jefferies Financial Group upped their price target on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their price target on Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.55.

Monster Beverage Stock Down 2.6 %

Monster Beverage stock opened at $57.74 on Tuesday. The business’s 50-day simple moving average is $57.33 and its 200 day simple moving average is $55.45. The stock has a market cap of $60.09 billion, a price-to-earnings ratio of 37.25, a P/E/G ratio of 2.29 and a beta of 0.72. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.81 EPS for the current year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.40% 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.