Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,246 shares of the company's stock after selling 4,602 shares during the period. Parallel Advisors LLC's holdings in Monster Beverage were worth $4,743,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. grew its stake in 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 purchasing an additional 203 shares in the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage in the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage during the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Monster Beverage during the fourth quarter worth $31,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage in the 4th quarter valued at about $33,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.8 %

Shares of Monster Beverage stock traded up $0.44 during midday trading on Friday, hitting $57.31. The company had a trading volume of 7,642,762 shares, compared to its average volume of 6,696,306. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a 50 day moving average of $51.20 and a 200 day moving average of $51.99. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $60.55. The stock has a market capitalization of $55.77 billion, a P/E ratio of 36.74, a P/E/G ratio of 2.28 and a beta of 0.71.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.80 billion. On average, equities analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MNST shares. Deutsche Bank Aktiengesellschaft increased their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Citigroup raised their target price 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. JPMorgan Chase & Co. upped their target price on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research note on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $55.83.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business'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 value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is owned by insiders.

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.