DRW Securities LLC Invests $274,000 in Monster Beverage Co. (NASDAQ:MNST)

DRW Securities LLC bought a new position in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,213 shares of the company's stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. lifted its position in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new position in Monster Beverage during the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage in the 4th quarter worth about $30,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of MNST stock traded up $0.23 during mid-day trading on Wednesday, hitting $58.87. 980,385 shares of the stock traded hands, compared to its average volume of 7,066,043. The company's 50-day simple moving average is $54.87 and its 200-day simple moving average is $53.01. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.34. The firm has a market cap of $57.29 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Activity

In other news, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares of the company's stock, 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 filing with the SEC, which is accessible through this link. Also, insider Guy Carling sold 47,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. This represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MNST has been the topic of several research reports. UBS Group raised their price target on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Citigroup upped their target price on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Wells Fargo & Company upped their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. increased their price target on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Hold" and a consensus target price of $57.06.

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.