Monster Beverage Co. (NASDAQ:MNST) Shares Bought by National Wealth Management Group LLC

National Wealth Management Group LLC lifted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,384 shares of the company’s stock after purchasing an additional 2,359 shares during the period. National Wealth Management Group LLC’s holdings in Monster Beverage were worth $861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp grew its position in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after acquiring an additional 473,418 shares during the last quarter. Norges Bank acquired a new stake in shares of Monster Beverage during the fourth quarter worth $442,642,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Monster Beverage by 659.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company’s stock valued at $251,445,000 after purchasing an additional 4,231,063 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the transaction, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Guy Carling sold 47,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now owns 21,993 shares of the company’s stock, valued at approximately $1,210,054.86. The trade was a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock valued at $11,484,440 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Trading Up 1.1 %

Monster Beverage stock opened at $58.52 on Tuesday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $59.56. The company’s fifty day moving average price is $52.37 and its two-hundred day moving average price is $52.47. The company has a market capitalization of $56.95 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNST has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Citigroup boosted their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.83.

Monster Beverage Company 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.