Frank Rimerman Advisors LLC Purchases 2,607 Shares of Monster Beverage Co. (NASDAQ:MNST)

Frank Rimerman Advisors LLC grew its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 33.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,498 shares of the company’s stock after purchasing an additional 2,607 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Monster Beverage were worth $552,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. increased 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 purchasing an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage during the 4th quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Monster Beverage during the 4th quarter valued at about $33,000. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MNST. Deutsche Bank Aktiengesellschaft increased their target price on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. UBS Group increased their target price on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. BNP Paribas dropped their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. increased their price objective on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Monster Beverage has an average rating of “Hold” and an average target price of $55.83.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 47,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the completion of the transaction, the insider now owns 21,993 shares of the company’s stock, valued at $1,210,054.86. This trade represents a 68.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 186,316 shares of company stock valued at $10,277,740 in the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Stock Up 1.4 %

Shares of NASDAQ:MNST opened at $55.09 on Monday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.21. The firm has a market capitalization of $53.61 billion, a P/E ratio of 35.31, a P/E/G ratio of 2.28 and a beta of 0.71. The stock has a 50 day moving average price of $50.80 and a 200-day moving average price of $51.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data 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). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

About Monster Beverage

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.