Atria Investments Inc Has $9.97 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Atria Investments Inc increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 189,681 shares of the company’s stock after acquiring an additional 1,255 shares during the period. Atria Investments Inc’s holdings in Monster Beverage were worth $9,970,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Monster Beverage by 1.5% during the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after acquiring an additional 203 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Monster Beverage by 3.1% during the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after acquiring an additional 213 shares in the last quarter. Accretive Wealth Partners LLC boosted its position in shares of Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares in the last quarter. Finally, Sapient Capital LLC boosted its position in Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after buying an additional 228 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MNST shares. JPMorgan Chase & Co. boosted their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. TD Cowen boosted their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group boosted their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus boosted their price target on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.47.

Monster Beverage Trading Up 1.0 %

MNST opened at $55.35 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a market cap of $53.83 billion, a price-to-earnings ratio of 35.48, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. The firm has a 50 day simple moving average of $50.44 and a 200 day simple moving average of $51.36. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its quarterly 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). The business 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, sell-side analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.80% of the company’s stock.

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.