Corient Private Wealth LLC Acquires 364,929 Shares of Monster Beverage Co. (NASDAQ:MNST)

Corient Private Wealth LLC boosted its stake in Monster Beverage Co. (NASDAQ:MNST) by 192.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 554,651 shares of the company’s stock after purchasing an additional 364,929 shares during the period. Corient Private Wealth LLC owned about 0.06% of Monster Beverage worth $29,153,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. grew its stake in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the period. Bleakley Financial Group LLC grew its position in shares of Monster Beverage by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock worth $714,000 after buying an additional 203 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after acquiring an additional 213 shares in the last quarter. Accretive Wealth Partners LLC lifted its position in shares of Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares during the period. Finally, Sapient Capital LLC boosted its stake in Monster Beverage by 0.5% during the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock worth $2,422,000 after acquiring an additional 228 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 12,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $54.50, for a total value of $654,000.00. Following the sale, the director now owns 296,846 shares of the company’s stock, valued at $16,178,107. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock valued at $11,484,440 in the last three months. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Morgan Stanley boosted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 28th. BNP Paribas cut their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Finally, UBS Group boosted their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.83.

Monster Beverage Stock Performance

NASDAQ MNST opened at $56.80 on Wednesday. The firm has a market cap of $55.28 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $50.99 and its 200-day moving average is $51.92. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.03.

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