384,100 Shares in Monster Beverage Co. (NASDAQ:MNST) Purchased by APG Asset Management N.V.

APG Asset Management N.V. purchased a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 384,100 shares of the company's stock, valued at approximately $19,496,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Monster Beverage by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock worth $897,012,000 after buying an additional 1,383,914 shares during the period. Invesco Ltd. raised its stake in shares of Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after acquiring an additional 734,406 shares during the last quarter. Norges Bank acquired a new position in shares of Monster Beverage during the fourth quarter worth $442,642,000. 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 worth $251,445,000 after purchasing an additional 4,231,063 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Monster Beverage by 21.0% in the fourth quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company's stock valued at $247,905,000 after purchasing an additional 818,476 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MNST. JPMorgan Chase & Co. lifted their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upped their target price on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a report on Friday, February 28th. Morgan Stanley raised their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $56.44.

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Monster Beverage Stock Down 0.3 %

Shares of Monster Beverage stock traded down $0.19 during trading hours on Tuesday, reaching $58.39. The company's stock had a trading volume of 892,565 shares, compared to its average volume of 7,088,768. The company has a market capitalization of $56.82 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.28 and a beta of 0.64. The stock's fifty day simple moving average is $54.63 and its two-hundred day simple moving average is $52.97. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly 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 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, research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction dated Tuesday, March 4th. The shares were 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 in the company, valued at $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark J. Hall sold 12,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the transaction, the director now owns 296,846 shares in the company, valued at approximately $16,178,107. This trade represents a 3.89 % 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 valued at $11,484,440 over the last 90 days. Insiders own 7.80% of the company's stock.

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.