Integrated Wealth Concepts LLC Increases Position in Monster Beverage Co. (NASDAQ:MNST)

Integrated Wealth Concepts LLC raised its position in Monster Beverage Co. (NASDAQ:MNST) by 28.4% during the fourth quarter, HoldingsChannel reports. The firm owned 22,786 shares of the company’s stock after buying an additional 5,034 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Monster Beverage were worth $1,198,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage in the 4th quarter valued at $33,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark J. Hall sold 48,000 shares of Monster Beverage stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the transaction, the director now owns 296,846 shares of the company’s stock, valued at $16,293,876.94. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 208,316 shares of company stock worth $11,484,440. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company upped their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. upped their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Finally, UBS Group upped their target price on shares of Monster Beverage from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Monster Beverage presently has an average rating of “Hold” and an average price target of $58.39.

Monster Beverage Trading Up 1.3 %

Shares of MNST stock opened at $59.25 on Wednesday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $60.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The business’s fifty day moving average price is $56.75 and its 200 day moving average price is $53.57. The firm has a market capitalization of $57.66 billion, a PE ratio of 37.98, a P/E/G ratio of 2.28 and a beta of 0.64.

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

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.