Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Amundi

Amundi raised its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 70.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,786,477 shares of the company's stock after buying an additional 739,270 shares during the quarter. Amundi owned about 0.18% of Monster Beverage worth $92,182,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC raised its stake in Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock valued at $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in shares of Monster Beverage by 250.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company's stock worth $178,801,000 after acquiring an additional 2,480,291 shares in the last quarter. State Street Corp lifted its stake in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Monster Beverage in the fourth quarter valued at approximately $106,882,000. Finally, Holocene Advisors LP purchased a new position in Monster Beverage in the third quarter valued at approximately $73,600,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Price Performance

MNST traded down $0.81 during trading on Wednesday, reaching $54.42. 1,756,347 shares of the stock were exchanged, compared to its average volume of 6,655,071. The company has a market capitalization of $52.96 billion, a price-to-earnings ratio of 34.91, a P/E/G 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.22. The business's 50 day moving average price is $50.67 and its two-hundred day moving average price is $51.63.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the firm'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 transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

MNST has been the topic of several research reports. BNP Paribas dropped their price objective on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a report on Thursday, December 19th. UBS Group raised their price target on Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Citigroup boosted their price objective on Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Finally, Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Monster Beverage presently has an average 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.