Dynamic Advisor Solutions LLC Has $845,000 Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Dynamic Advisor Solutions LLC lessened its stake in Monster Beverage Corporation (NASDAQ:MNST) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,439 shares of the company’s stock after selling 358 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Monster Beverage were worth $845,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC increased its position in Monster Beverage by 1.9% in the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock valued at $622,000 after acquiring an additional 217 shares in the last quarter. Level Four Advisory Services LLC grew its position in shares of Monster Beverage by 4.6% during the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock worth $263,000 after buying an additional 220 shares during the period. Dogwood Wealth Management LLC grew its position in shares of Monster Beverage by 1.8% during the 4th quarter. Dogwood Wealth Management LLC now owns 13,323 shares of the company’s stock worth $700,000 after buying an additional 233 shares during the period. PDS Planning Inc grew its position in shares of Monster Beverage by 5.7% during the 4th quarter. PDS Planning Inc now owns 4,340 shares of the company’s stock worth $228,000 after buying an additional 235 shares during the period. Finally, Lindbrook Capital LLC grew its position in shares of Monster Beverage by 12.1% during the 4th quarter. Lindbrook Capital LLC now owns 2,314 shares of the company’s stock worth $122,000 after buying an additional 249 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the completion of the transaction, the chief financial officer now owns 69,273 shares in the company, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider now owns 89,501 shares of the company’s stock, valued at $5,590,232.46. The trade was a 8.95% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MNST shares. Citigroup lifted their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Bank of America lifted their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, April 25th. CICC Research upgraded shares of Monster Beverage from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $65.00 in a research report on Monday, May 12th. Finally, Piper Sandler lifted their price target on shares of Monster Beverage from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.05.

Monster Beverage Stock Performance

Shares of MNST opened at $62.78 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37. Monster Beverage Corporation has a twelve month low of $43.32 and a twelve month high of $64.45. The firm’s 50 day moving average price is $61.22 and its two-hundred day moving average price is $55.62. The firm has a market cap of $61.23 billion, a P/E ratio of 41.30, a PEG ratio of 2.26 and a beta of 0.60.

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

About Monster Beverage

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.