Farther Finance Advisors LLC Sells 621 Shares of Monster Beverage Co. (NASDAQ:MNST)

Farther Finance Advisors LLC cut its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,010 shares of the company’s stock after selling 621 shares during the quarter. Farther Finance Advisors LLC’s holdings in Monster Beverage were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of 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 bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in Monster Beverage in the fourth quarter worth $33,000. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on MNST. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. BNP Paribas dropped their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup boosted their target price on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and a consensus target price of $55.83.

Monster Beverage Stock Up 2.0 %

Shares of MNST opened at $56.21 on Tuesday. The business’s 50 day moving average is $50.89 and its 200 day moving average is $51.85. The company has a market capitalization of $54.70 billion, a PE ratio of 36.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.21. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share 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 analysts’ expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark J. Hall sold 48,000 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 in the company, valued at approximately $16,293,876.94. The trade was a 13.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Guy Carling sold 47,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the transaction, the insider now owns 21,993 shares of the company’s stock, valued at approximately $1,210,054.86. This trade represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 198,316 shares of company stock worth $10,931,740 in the last quarter. 7.80% of the stock is owned by corporate 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.