Alps Advisors Inc. bought a new position in Monster Beverage Corp (NASDAQ:MNST) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,690 shares of the company’s stock, valued at approximately $365,000.

Other large investors also recently made changes to their positions in the company. Berman Capital Advisors LLC purchased a new position in Monster Beverage in the fourth quarter worth $33,000. Executive Wealth Management LLC purchased a new position in Monster Beverage in the fourth quarter worth $35,000. Baystate Wealth Management LLC grew its position in Monster Beverage by 555.6% in the fourth quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock worth $39,000 after acquiring an additional 600 shares in the last quarter. Old North State Trust LLC purchased a new position in Monster Beverage in the first quarter worth $48,000. Finally, Financial Gravity Companies Inc. purchased a new position in Monster Beverage in the fourth quarter worth $56,000. Institutional investors own 65.46% of the company’s stock.

Several brokerages recently issued reports on MNST. BidaskClub lowered shares of Monster Beverage from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered shares of Monster Beverage from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Jefferies Financial Group upped their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Macquarie set a $63.00 price target on shares of Monster Beverage and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, ValuEngine upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $63.03.

NASDAQ MNST opened at $63.63 on Monday. Monster Beverage Corp has a 12-month low of $47.74 and a 12-month high of $66.38. The stock has a market cap of $34.59 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 2.15 and a beta of 1.53.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $946.00 million during the quarter, compared to the consensus estimate of $919.49 million. Monster Beverage had a net margin of 26.61% and a return on equity of 28.35%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, equities research analysts anticipate that Monster Beverage Corp will post 2.07 EPS for the current year.

In other news, insider Emelie Tirre sold 24,762 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $62.97, for a total transaction of $1,559,263.14. Following the completion of the transaction, the insider now directly owns 77,363 shares of the company’s stock, valued at $4,871,548.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Harold C. Taber, Jr. sold 11,772 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $63.58, for a total transaction of $748,463.76. Following the transaction, the director now directly owns 72,240 shares of the company’s stock, valued at $4,593,019.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 481,356 shares of company stock valued at $29,678,733. Insiders own 9.70% of the company’s stock.

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Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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