Signaturefd LLC Sells 1,078 Shares of Monster Beverage Co. (NASDAQ:MNST)

Signaturefd LLC cut its position in Monster Beverage Co. (NASDAQ:MNST) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,870 shares of the company’s stock after selling 1,078 shares during the quarter. Signaturefd LLC’s holdings in Monster Beverage were worth $2,621,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its position 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 bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Monster Beverage in the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter valued at $33,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on MNST. UBS Group upped their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley increased their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Two equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.83.

Monster Beverage Stock Performance

NASDAQ MNST opened at $56.21 on Tuesday. The firm’s 50 day simple moving average is $50.89 and its 200 day simple moving average is $51.85. The firm has a market capitalization of $54.70 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 2.28 and a beta of 0.71. 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.21.

Monster Beverage (NASDAQ:MNST) last issued 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). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In related news, insider Guy Carling sold 47,000 shares of the firm’s stock in a transaction 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 sale, 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 198,316 shares of company stock worth $10,931,740 over the last 90 days. Insiders own 7.80% of the company’s stock.

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.