Legacy Financial Advisors Inc. Has $698,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Legacy Financial Advisors Inc. increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,124 shares of the company’s stock after purchasing an additional 1,289 shares during the period. Legacy Financial Advisors Inc.’s holdings in Monster Beverage were worth $698,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS acquired a new position in shares of Monster Beverage during the 3rd quarter worth approximately $26,000. Headinvest LLC acquired a new position in shares of Monster Beverage in the third quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Monster Beverage in the third quarter valued at about $31,000. Catalyst Capital Advisors LLC lifted its stake in shares of Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after buying an additional 199 shares during the last quarter. Finally, DT Investment Partners LLC acquired a new position in Monster Beverage in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a report on Monday, February 26th. Royal Bank of Canada lifted their target price on Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Citigroup raised their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group raised their target price on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered Monster Beverage from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.32.

Insider Activity

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 9.40% of the stock is currently owned by insiders.

Monster Beverage Stock Up 3.0 %

Shares of NASDAQ MNST traded up $1.61 during midday trading on Friday, reaching $55.00. 12,204,624 shares of the company were exchanged, compared to its average volume of 5,889,620. The stock’s 50-day moving average price is $56.84 and its 200-day moving average price is $55.78. The stock has a market cap of $57.30 billion, a P/E ratio of 34.59, a PEG ratio of 2.19 and a beta of 0.74. Monster Beverage Co. has a one year low of $47.13 and a one year high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a return on equity of 21.13% and a net margin of 22.83%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, equities research analysts anticipate that Monster Beverage Co. will post 1.8 EPS for the current year.

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.