KFG Wealth Management LLC Boosts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

KFG Wealth Management LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,264 shares of the company’s stock after purchasing an additional 492 shares during the period. KFG Wealth Management LLC’s holdings in Monster Beverage were worth $413,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Monster Beverage by 9.9% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after purchasing an additional 189 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Monster Beverage by 5.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock worth $256,000 after purchasing an additional 209 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of Monster Beverage by 1.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock worth $789,000 after purchasing an additional 226 shares during the period. Savant Capital LLC increased its stake in Monster Beverage by 4.6% in the fourth quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock valued at $300,000 after acquiring an additional 227 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Monster Beverage by 2.8% in the first quarter. Private Trust Co. NA now owns 8,925 shares of the company’s stock valued at $529,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the firm’s stock in a transaction dated 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 directly owns 1,875,558 shares in the company, valued at $99,404,574. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares in the company, valued at $27,820,413.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction 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 $99,404,574. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,221 shares of company stock worth $16,070,374. Company insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MNST shares. Wells Fargo & Company reduced their target price on Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group reduced their target price on Monster Beverage from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. BNP Paribas started coverage on Monster Beverage in a research note on Monday, June 24th. They issued an “underperform” rating and a $48.00 target price on the stock. Piper Sandler reduced their target price on Monster Beverage from $59.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial reduced their target price on Monster Beverage from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average price target of $55.85.

Monster Beverage Stock Down 0.5 %

Shares of Monster Beverage stock traded down $0.25 during trading on Friday, reaching $46.74. 4,611,563 shares of the stock were exchanged, compared to its average volume of 7,417,149. The stock’s fifty day moving average is $49.56 and its 200 day moving average is $53.51. The firm has a market cap of $48.69 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Equities analysts forecast that Monster Beverage Co. will post 1.75 earnings per share 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.