Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,436,876 shares of the company's stock after selling 838,828 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.15% of Monster Beverage worth $75,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allstate Corp acquired a new stake in Monster Beverage during the 4th quarter worth $1,130,000. Brown Brothers Harriman & Co. raised its holdings in shares of Monster Beverage by 4.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 13,025 shares of the company's stock valued at $685,000 after buying an additional 504 shares during the last quarter. DnB Asset Management AS boosted its stake in shares of Monster Beverage by 8.7% during the fourth quarter. DnB Asset Management AS now owns 168,007 shares of the company's stock worth $8,830,000 after buying an additional 13,416 shares during the period. Level Four Advisory Services LLC grew its holdings in shares of Monster Beverage by 4.6% during the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after buying an additional 220 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in Monster Beverage by 43.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 41,856 shares of the company's stock valued at $2,200,000 after acquiring an additional 12,759 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

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Monster Beverage Price Performance

Monster Beverage stock traded down $2.22 during trading hours on Friday, hitting $57.43. The stock had a trading volume of 6,571,430 shares, compared to its average volume of 6,990,867. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.66. The stock has a market capitalization of $55.89 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 2.28 and a beta of 0.71. The stock's fifty day moving average is $53.00 and its two-hundred day moving average is $52.63. 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 - Get Free Report) 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). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Citigroup boosted their price objective 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. Morgan Stanley raised their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and an average price target of $56.11.

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the transaction, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 over the last ninety days. 7.80% of the stock is currently owned by insiders.

Monster Beverage 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.