Monster Beverage Co. (NASDAQ:MNST) Stock Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in Monster Beverage Co. (NASDAQ:MNST) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 168,974 shares of the company’s stock after buying an additional 2,407 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Monster Beverage were worth $8,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tredje AP fonden bought a new stake in Monster Beverage in the fourth quarter worth about $13,927,000. Avantax Advisory Services Inc. raised its position in Monster Beverage by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 67,480 shares of the company’s stock worth $3,547,000 after acquiring an additional 1,763 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Monster Beverage by 32.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 62,432 shares of the company’s stock worth $3,281,000 after acquiring an additional 15,346 shares in the last quarter. Saturna Capital Corp raised its position in Monster Beverage by 1.6% in the fourth quarter. Saturna Capital Corp now owns 33,313 shares of the company’s stock worth $1,751,000 after acquiring an additional 513 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Monster Beverage by 2.7% in the fourth quarter. HighTower Advisors LLC now owns 57,289 shares of the company’s stock worth $3,011,000 after acquiring an additional 1,518 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MNST has been the topic of several research reports. BNP Paribas dropped their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Morgan Stanley boosted their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. UBS Group boosted their price objective on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Price Performance

Shares of MNST opened at $55.09 on Friday. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.21. 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 business’s 50-day moving average is $50.80 and its 200-day moving average is $51.73.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Equities research analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark J. Hall sold 48,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the sale, the director now directly owns 296,846 shares of the company’s stock, valued at $16,293,876.94. The trade was a 13.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,316 shares of company stock valued at $10,277,740. 7.80% of the stock is owned by corporate insiders.

About Monster Beverage

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.