Proficio Capital Partners LLC Grows Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Proficio Capital Partners LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 6,912.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 292,707 shares of the company’s stock after buying an additional 288,533 shares during the period. Proficio Capital Partners LLC’s holdings in Monster Beverage were worth $15,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock worth $714,000 after purchasing an additional 203 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock worth $367,000 after purchasing an additional 213 shares in the last quarter. Accretive Wealth Partners LLC grew its position in Monster Beverage by 1.3% during the 3rd quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 225 shares during the last quarter. Finally, Sapient Capital LLC increased its stake in Monster Beverage by 0.5% during the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 5.3 %

Shares of Monster Beverage stock opened at $54.65 on Friday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22. The company’s fifty day simple moving average is $50.27 and its 200-day simple moving average is $51.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market capitalization of $53.15 billion, a PE ratio of 35.03, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $1.81 billion for 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%. As a group, equities analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. UBS Group cut their target price on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Argus boosted their price target on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday. Finally, BNP Paribas decreased their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $56.26.

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Monster Beverage 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.