American Century Companies Inc. Sells 33,494 Shares of Monster Beverage Co. (NASDAQ:MNST)

American Century Companies Inc. lowered its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 34.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,150 shares of the company's stock after selling 33,494 shares during the quarter. American Century Companies Inc.'s holdings in Monster Beverage were worth $3,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after purchasing an additional 203 shares during the period. Spire Wealth Management bought a new position in shares of Monster Beverage in the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the fourth quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Monster Beverage during the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage during the 4th quarter worth $33,000. Institutional investors own 72.36% of the company's stock.

Insider Transactions at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark J. Hall sold 48,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the transaction, the director now directly owns 296,846 shares in the company, valued at $16,293,876.94. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock worth $11,484,440 in the last 90 days. 7.80% of the stock is owned by insiders.

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Monster Beverage Stock Up 0.7 %

NASDAQ MNST traded up $0.38 on Friday, reaching $58.15. The stock had a trading volume of 5,655,756 shares, compared to its average volume of 7,117,653. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.34. The business has a 50 day moving average price of $54.38 and a 200 day moving average price of $52.92. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 2.28 and a beta of 0.64.

Monster Beverage (NASDAQ:MNST - Get Free Report) 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%. On average, analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MNST shares. BNP Paribas cut their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research report on Thursday, December 19th. UBS Group upped their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, Citigroup raised their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and an average price target of $56.11.

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.