Atria Wealth Solutions Inc. Reduces Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Atria Wealth Solutions Inc. lessened its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,327 shares of the company’s stock after selling 194 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Monster Beverage were worth $1,286,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MNST. Wellington Management Group LLP grew its stake in Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock valued at $1,033,323,000 after purchasing an additional 3,296,466 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Monster Beverage by 61.5% in the third quarter. William Blair Investment Management LLC now owns 3,431,785 shares of the company’s stock worth $181,713,000 after buying an additional 1,307,482 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Monster Beverage by 33.5% in the third quarter. American Century Companies Inc. now owns 3,782,074 shares of the company’s stock worth $200,261,000 after buying an additional 948,133 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Monster Beverage by 32.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,823,265 shares of the company’s stock worth $149,492,000 after buying an additional 686,889 shares during the last quarter. Finally, ING Groep NV boosted its stake in shares of Monster Beverage by 78.2% in the third quarter. ING Groep NV now owns 1,230,778 shares of the company’s stock worth $65,170,000 after buying an additional 540,285 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.40% of the company’s stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $53.54 on Thursday. The business has a 50 day simple moving average of $56.88 and a two-hundred day simple moving average of $55.75. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The stock has a market capitalization of $55.77 billion, a P/E ratio of 34.54, a PEG ratio of 2.22 and a beta of 0.72.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that Monster Beverage Co. will post 1.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MNST shares. The Goldman Sachs Group upped their target price on Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. HSBC lowered their target price on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Jefferies Financial Group upped their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. UBS Group upped their price target on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Finally, Morgan Stanley upped their price target on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and a consensus price target of $61.68.

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.