Legacy Advisors LLC Makes New $217,000 Investment in Monster Beverage Corporation (NASDAQ:MNST)

Legacy Advisors LLC acquired a new position in Monster Beverage Corporation (NASDAQ:MNST) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,705 shares of the company’s stock, valued at approximately $217,000.

Several other large investors have also bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage in the 4th quarter valued at $31,000. Coppell Advisory Solutions LLC lifted its position in shares of Monster Beverage by 259.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock valued at $36,000 after buying an additional 495 shares during the last quarter. Park Square Financial Group LLC bought a new position in Monster Beverage during the fourth quarter worth $36,000. CVA Family Office LLC boosted its holdings in shares of Monster Beverage by 28.6% during the 1st quarter. CVA Family Office LLC now owns 1,519 shares of the company’s stock worth $89,000 after buying an additional 338 shares during the period. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Monster Beverage by 541.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company’s stock worth $90,000 after acquiring an additional 1,446 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Trading Down 2.2%

Shares of Monster Beverage stock opened at $62.20 on Thursday. The stock has a fifty day simple moving average of $61.80 and a 200 day simple moving average of $56.00. The company has a market capitalization of $60.66 billion, a P/E ratio of 40.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.60. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. Monster Beverage Corporation has a 12-month low of $43.32 and a 12-month high of $64.45.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. Monster Beverage’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Thomas J. Kelly sold 27,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the transaction, the chief financial officer now directly owns 69,273 shares of the company’s stock, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emelie Tirre sold 8,796 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the completion of the sale, the insider now directly owns 89,501 shares in the company, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MNST. Bank of America raised their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, April 25th. Citigroup raised their price objective on Monster Beverage from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, April 14th. Roth Capital upped their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. The Goldman Sachs Group raised their price target on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, June 13th. Finally, Wells Fargo & Company boosted their price objective on Monster Beverage from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, June 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $62.05.

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.