Tower Research Capital LLC TRC Buys 41,696 Shares of Monster Beverage Co. (NASDAQ:MNST)

Tower Research Capital LLC TRC grew its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 85.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,506 shares of the company's stock after purchasing an additional 41,696 shares during the period. Tower Research Capital LLC TRC's holdings in Monster Beverage were worth $4,757,000 as of its most recent SEC filing.

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

Insider Activity at Monster Beverage

In other news, insider Guy Carling sold 47,000 shares of the business's 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. The trade was a 68.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was 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 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 three months, insiders have sold 208,316 shares of company stock worth $11,484,440. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Stock Down 0.2 %

MNST stock traded down $0.13 during trading hours on Wednesday, reaching $59.15. 4,994,186 shares of the stock were exchanged, compared to its average volume of 7,074,147. The firm's 50-day moving average is $56.11 and its 200-day moving average is $53.30. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.34. The company has a market cap of $57.56 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.28 and a beta of 0.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly 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). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. On average, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MNST. Jefferies Financial Group upped their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Citigroup upped their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Morgan Stanley lifted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, Truist Financial upped their target price on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday. Two 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 company's stock. According to data from MarketBeat, Monster Beverage currently has an average rating of "Hold" and a consensus target price of $57.89.

About Monster Beverage

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.