Corient Private Wealth LLC Purchases 364,929 Shares of Monster Beverage Co. (NASDAQ:MNST)

Corient Private Wealth LLC increased its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 192.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,651 shares of the company's stock after acquiring an additional 364,929 shares during the period. Corient Private Wealth LLC owned about 0.06% of Monster Beverage worth $29,153,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in shares of Monster Beverage by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 24,921 shares of the company's stock valued at $1,300,000 after acquiring an additional 1,137 shares in the last quarter. Claro Advisors LLC acquired a new stake in Monster Beverage during the third quarter valued at $393,000. Thrivent Financial for Lutherans grew its stake in Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company's stock valued at $2,045,000 after purchasing an additional 259 shares in the last quarter. Caprock Group LLC increased its position in Monster Beverage by 5.5% in the 3rd quarter. Caprock Group LLC now owns 14,057 shares of the company's stock worth $733,000 after purchasing an additional 733 shares during the last quarter. Finally, Knuff & Co LLC raised its stake in shares of Monster Beverage by 24.5% during the 3rd quarter. Knuff & Co LLC now owns 94,989 shares of the company's stock worth $4,956,000 after purchasing an additional 18,669 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on MNST shares. BNP Paribas dropped their price objective on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a report on Thursday, December 19th. Morgan Stanley increased their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. UBS Group lifted their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Finally, Citigroup boosted their price target on Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, Monster Beverage presently has an average rating of "Hold" and an average target price of $55.83.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 12,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the completion of the transaction, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Guy Carling sold 47,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. The trade was a 68.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock valued at $11,484,440 over the last ninety days. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Performance

NASDAQ:MNST traded up $0.44 during trading hours on Friday, hitting $57.31. 7,642,762 shares of the company traded hands, compared to its average volume of 6,708,976. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $55.77 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 2.28 and a beta of 0.71. The firm has a 50-day moving average of $51.36 and a 200 day moving average of $52.06. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) 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). 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 for the quarter, compared to analyst estimates of $1.80 billion. On average, analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current year.

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.