Sequoia Financial Advisors LLC Boosts Position in Monster Beverage Co. (NASDAQ:MNST)

Sequoia Financial Advisors LLC boosted its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 32.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,432 shares of the company's stock after buying an additional 15,346 shares during the period. Sequoia Financial Advisors LLC's holdings in Monster Beverage were worth $3,281,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MNST. Saturna Capital Corp raised its stake in shares of Monster Beverage by 1.6% in the fourth quarter. Saturna Capital Corp now owns 33,313 shares of the company's stock valued at $1,751,000 after acquiring an additional 513 shares during the period. HighTower Advisors LLC raised its position in Monster Beverage by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 57,289 shares of the company's stock worth $3,011,000 after purchasing an additional 1,518 shares during the period. Natural Investments LLC bought a new stake in Monster Beverage in the fourth quarter worth about $391,000. Inspire Advisors LLC lifted its stake in Monster Beverage by 7.5% in the fourth quarter. Inspire Advisors LLC now owns 11,319 shares of the company's stock worth $595,000 after purchasing an additional 791 shares during the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in Monster Beverage by 18.3% during the 4th quarter. Founders Financial Alliance LLC now owns 6,798 shares of the company's stock valued at $357,000 after acquiring an additional 1,050 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Up 2.0 %

Monster Beverage stock traded up $1.12 during trading hours on Monday, reaching $56.21. The stock had a trading volume of 4,360,859 shares, compared to its average volume of 6,679,610. The company has a market cap of $54.70 billion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.28 and a beta of 0.71. The business's 50 day moving average price is $50.80 and its 200-day moving average price is $51.79. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.38 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 for the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report 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 report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.83.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 48,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the transaction, the director now owns 296,846 shares of the company's stock, valued at approximately $16,293,876.94. This trade represents a 13.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction 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 sale, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,316 shares of company stock worth $10,277,740. 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.