Triad Wealth Partners LLC Buys New Position in Monster Beverage Co. (NASDAQ:MNST)

Triad Wealth Partners LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,504 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNST. Janus Henderson Group PLC grew its position in Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. grew its position in Monster Beverage by 250.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock valued at $178,801,000 after buying an additional 2,480,291 shares in the last quarter. State Street Corp grew its position in Monster Beverage by 6.9% in the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after buying an additional 2,168,379 shares in the last quarter. Holocene Advisors LP bought a new position in Monster Beverage in the 3rd quarter valued at about $73,600,000. Finally, Loomis Sayles & Co. L P grew its position in Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. Citigroup upped their price target 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 shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. TD Cowen upped their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.47.

Monster Beverage Price Performance

NASDAQ MNST opened at $55.35 on Thursday. The company has a 50 day simple moving average of $50.44 and a 200-day simple moving average of $51.36. 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 firm has a market capitalization of $53.83 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts predict that Monster Beverage Co. will post 1.62 earnings per share 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.