Integrated Advisors Network LLC Invests $203,000 in Monster Beverage Co. (NASDAQ:MNST)

Integrated Advisors Network LLC acquired a new position in Monster Beverage Co. (NASDAQ:MNST) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,477 shares of the company’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Monster Beverage in the fourth quarter worth $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 worth $36,000 after purchasing an additional 495 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of Monster Beverage in the fourth quarter worth $36,000. SRS Capital Advisors Inc. lifted its position in shares of Monster Beverage by 541.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company’s stock worth $90,000 after purchasing an additional 1,446 shares in the last quarter. Finally, Menard Financial Group LLC bought a new stake in shares of Monster Beverage in the fourth quarter worth $101,000. Institutional investors own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

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

Monster Beverage Trading Down 1.0%

MNST stock opened at $63.06 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company’s 50-day simple moving average is $60.95 and its 200 day simple moving average is $55.51. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $64.45. The company has a market capitalization of $61.50 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.28 and a beta of 0.60.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the company posted $0.42 earnings per share. Monster Beverage’s revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MNST shares. UBS Group boosted their target price on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. TD Cowen boosted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their target price on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Roth Capital boosted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.05.

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.