Monster Beverage Co. (NASDAQ:MNST) Position Boosted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,517 shares of the company’s stock after acquiring an additional 1,381 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Monster Beverage were worth $375,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Monster Beverage by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 10,286 shares of the company’s stock valued at $822,000 after buying an additional 161 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Monster Beverage by 7.5% in the 1st quarter. Blair William & Co. IL now owns 2,537 shares of the company’s stock valued at $203,000 after buying an additional 177 shares in the last quarter. Delta Financial Advisors LLC grew its stake in shares of Monster Beverage by 0.9% in the 3rd quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock valued at $1,015,000 after buying an additional 180 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Monster Beverage by 5.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock valued at $211,000 after buying an additional 196 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after buying an additional 199 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Monster Beverage stock opened at $53.14 on Friday. The stock has a fifty day moving average price of $57.19 and a two-hundred day moving average price of $55.49. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The firm has a market capitalization of $55.30 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.08 and a beta of 0.72.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts predict that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MNST shares. JPMorgan Chase & Co. upped their target price on Monster Beverage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Jefferies Financial Group upped their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. UBS Group upped their target price on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. HSBC decreased their target price on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Finally, The Goldman Sachs Group upped their target price on Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $63.11.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares in the company, valued at $45,542,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

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.