Summit Trail Advisors LLC Increases Holdings in Monster Beverage Co. (NASDAQ:MNST)

Summit Trail Advisors LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,660 shares of the company’s stock after buying an additional 724 shares during the quarter. Summit Trail Advisors LLC’s holdings in Monster Beverage were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MNST. Delta Financial Advisors LLC raised its position in Monster Beverage by 0.9% in the 3rd quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock worth $1,015,000 after purchasing an additional 180 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Monster Beverage by 5.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after buying an additional 196 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after acquiring an additional 199 shares during the last quarter. PFG Investments LLC boosted its holdings in Monster Beverage by 2.6% during the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after acquiring an additional 199 shares during the period. Finally, Mainsail Financial Group LLC increased its stake in Monster Beverage by 1.2% in the 3rd quarter. Mainsail Financial Group LLC now owns 18,169 shares of the company’s stock worth $955,000 after purchasing an additional 211 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

Shares of MNST opened at $54.78 on Wednesday. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22. The firm’s 50-day simple moving average is $56.78 and its two-hundred day simple moving average is $55.92. The stock has a market cap of $57.07 billion, a PE ratio of 34.38, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities research analysts predict that Monster Beverage Co. will post 1.79 EPS for the current year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MNST shares. HSBC cut their target price on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. JPMorgan Chase & Co. cut shares of Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $59.00 in a research report on Thursday, April 25th. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Stifel Nicolaus lowered their price target on Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Citigroup increased their price objective on Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.32.

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.