Parallel Advisors LLC Has $4.74 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Parallel Advisors LLC lowered its position in Monster Beverage Co. (NASDAQ:MNST) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,246 shares of the company’s stock after selling 4,602 shares during the quarter. Parallel Advisors LLC’s holdings in Monster Beverage were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after acquiring an additional 203 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after acquiring an additional 213 shares during the last quarter. Accretive Wealth Partners LLC boosted its holdings in Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after acquiring an additional 225 shares during the last quarter. Finally, Sapient Capital LLC boosted its holdings in Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after acquiring an additional 228 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, Director Mark J. Hall sold 48,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the sale, the director now directly owns 296,846 shares of the company’s stock, valued at $16,293,876.94. This trade represents a 13.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 198,316 shares of company stock valued at $10,931,740. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MNST. Citigroup upped their target price on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a report on Friday, February 28th. BNP Paribas cut their price target on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. UBS Group increased their price target on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.83.

Monster Beverage Trading Up 2.0 %

NASDAQ MNST opened at $56.21 on Tuesday. The firm has a market capitalization of $54.70 billion, a P/E ratio of 36.03, a PEG ratio of 2.28 and a beta of 0.71. The business has a fifty day simple moving average of $50.89 and a 200 day simple moving average of $51.85. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.21. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $1.81 billion during 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 EPS for the current fiscal 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.