One Wealth Management Investment & Advisory Services LLC Purchases 324 Shares of Monster Beverage Co. (NASDAQ:MNST)

One Wealth Management Investment & Advisory Services LLC raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,828 shares of the company’s stock after purchasing an additional 324 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Monster Beverage were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after purchasing an additional 1,059,042 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of Monster Beverage by 0.3% during the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock valued at $691,182,000 after buying an additional 37,391 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Monster Beverage by 4.1% during the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock valued at $664,469,000 after buying an additional 440,962 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Monster Beverage by 40.6% during the fourth quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock valued at $603,659,000 after buying an additional 3,026,657 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Monster Beverage during the fourth quarter valued at about $517,035,000. 72.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Hilton H. Schlosberg sold 42,144 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the sale, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America reduced their price objective on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Citigroup reduced their price objective on shares of Monster Beverage from $60.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Piper Sandler cut their price target on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group cut their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, UBS Group cut their price target on shares of Monster Beverage from $55.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $55.85.

Monster Beverage Price Performance

Monster Beverage stock traded up $0.43 during midday trading on Friday, reaching $48.65. 5,847,890 shares of the stock were exchanged, compared to its average volume of 7,229,425. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The firm has a market cap of $50.68 billion, a PE ratio of 30.60, a PEG ratio of 2.18 and a beta of 0.76. The company’s fifty day moving average is $48.91 and its 200-day moving average is $52.66.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the firm earned $0.39 EPS. Monster Beverage’s quarterly revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Monster Beverage Co. will post 1.66 EPS 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.