Checchi Capital Advisers LLC lessened its stake in Monster Beverage Corp (NASDAQ:MNST) by 26.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,374 shares of the company’s stock after selling 2,326 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Monster Beverage were worth $359,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Monster Beverage in the 1st quarter worth approximately $27,000. Tarbox Family Office Inc. grew its stake in Monster Beverage by 78.8% in the 4th quarter. Tarbox Family Office Inc. now owns 465 shares of the company’s stock valued at $30,000 after buying an additional 205 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Monster Beverage in the 4th quarter valued at approximately $30,000. Rockefeller Capital Management L.P. grew its stake in Monster Beverage by 127.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 548 shares of the company’s stock valued at $35,000 after buying an additional 307 shares in the last quarter. Finally, CFM Wealth Partners LLC purchased a new position in Monster Beverage in the 4th quarter valued at approximately $37,000. 65.33% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on MNST. SunTrust Banks lifted their price objective on shares of Monster Beverage from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Morgan Stanley lifted their price objective on shares of Monster Beverage from $60.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. BidaskClub upgraded shares of Monster Beverage from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of Monster Beverage from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Goldman Sachs Group restated a “buy” rating and set a $65.00 price target on shares of Monster Beverage in a research report on Wednesday, April 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.00.

In other Monster Beverage news, EVP Thomas J. Kelly sold 75,180 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $67.06, for a total value of $5,041,570.80. Following the sale, the executive vice president now owns 38,749 shares in the company, valued at $2,598,507.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Polk sold 13,002 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $64.65, for a total transaction of $840,579.30. Following the completion of the sale, the director now owns 47,993 shares in the company, valued at approximately $3,102,747.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,647 shares of company stock valued at $11,821,821. Insiders own 10.20% of the company’s stock.

Shares of NASDAQ:MNST opened at $66.01 on Friday. Monster Beverage Corp has a 52-week low of $50.06 and a 52-week high of $70.52. The firm has a fifty day moving average of $60.06 and a 200 day moving average of $62.12. The firm has a market capitalization of $34.22 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 3.98 and a beta of 0.99.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $995.97 million. Monster Beverage had a net margin of 26.07% and a return on equity of 27.77%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. Equities analysts predict that Monster Beverage Corp will post 2.09 earnings per share for the current fiscal year.

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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