Sigma Planning Corp Has $295,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

Sigma Planning Corp decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,618 shares of the company’s stock after selling 440 shares during the period. Sigma Planning Corp’s holdings in Monster Beverage were worth $295,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after buying an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Monster Beverage in the fourth quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $33,000. Finally, Versant Capital Management Inc raised its position in Monster Beverage by 84.9% in the 4th quarter. Versant Capital Management Inc now owns 1,185 shares of the company’s stock valued at $62,000 after buying an additional 544 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction 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 directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus increased their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. TD Cowen increased their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research note on Friday. Finally, UBS Group decreased their price objective on shares of Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.26.

Monster Beverage Stock Up 5.3 %

Monster Beverage stock opened at $54.65 on Friday. The firm has a market capitalization of $53.15 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $51.15.

Monster Beverage (NASDAQ:MNST) last posted its 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 company 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%. On average, analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

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.