Paces Ferry Wealth Advisors LLC Has $486,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Paces Ferry Wealth Advisors LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,240 shares of the company’s stock after selling 485 shares during the period. Paces Ferry Wealth Advisors LLC’s holdings in Monster Beverage were worth $486,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after buying an additional 203 shares during the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage in the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new position in Monster Beverage in the 4th quarter worth approximately $33,000. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several research reports. UBS Group lifted their target price on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. BNP Paribas dropped their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Citigroup boosted their price target on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average price target of $55.83.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the sale, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 in the last ninety days. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 0.8 %

Shares of NASDAQ:MNST opened at $57.31 on Friday. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.13. The company’s fifty day simple moving average is $51.36 and its 200 day simple moving average is $52.09. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

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