TD Private Client Wealth LLC Has $2.48 Million Stock Holdings in Monster Beverage Corporation $MNST

TD Private Client Wealth LLC increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 567.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,309 shares of the company’s stock after acquiring an additional 27,467 shares during the quarter. TD Private Client Wealth LLC’s holdings in Monster Beverage were worth $2,477,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Advisory Group Advisory Services LLC grew its stake in shares of Monster Beverage by 2.8% in the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after acquiring an additional 133 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Monster Beverage by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares during the last quarter. Earned Wealth Advisors LLC raised its stake in Monster Beverage by 3.8% during the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after acquiring an additional 151 shares in the last quarter. Sage Mountain Advisors LLC increased its position in Monster Beverage by 1.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 11,123 shares of the company’s stock worth $853,000 after purchasing an additional 154 shares in the last quarter. Finally, Premier Path Wealth Partners LLC lifted its stake in shares of Monster Beverage by 3.2% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after acquiring an additional 161 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Price Performance

NASDAQ MNST opened at $86.35 on Wednesday. The stock has a market capitalization of $84.45 billion, a PE ratio of 41.72, a P/E/G ratio of 2.91 and a beta of 0.50. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $88.77. The company’s 50 day simple moving average is $77.00 and its two-hundred day simple moving average is $76.92.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue was up 22.6% on a year-over-year basis. On average, research analysts anticipate that Monster Beverage Corporation will post 2.31 EPS for the current year.

Monster Beverage declared that its Board of Directors has approved a stock repurchase program on Friday, May 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 88,700 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the transaction, the insider owned 81,763 shares of the company’s stock, valued at $7,028,347.48. This represents a 52.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas J. Kelly sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $87.81, for a total value of $614,670.00. Following the completion of the transaction, the chief financial officer owned 62,553 shares of the company’s stock, valued at $5,492,778.93. The trade was a 10.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 159,700 shares of company stock worth $13,730,462. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the topic of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Bank of America cut their target price on Monster Beverage from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Jefferies Financial Group set a $100.00 target price on shares of Monster Beverage in a research note on Wednesday, March 11th. Morgan Stanley reissued an “overweight” rating and issued a $100.00 price objective (up from $96.00) on shares of Monster Beverage in a research note on Sunday, May 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.89.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.