BI Asset Management Fondsmaeglerselskab A S Purchases 7,412 Shares of Monster Beverage Co. (NASDAQ:MNST)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,519 shares of the company's stock after acquiring an additional 7,412 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Monster Beverage were worth $1,552,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after buying an additional 203 shares during the last quarter. Bleakley Financial Group LLC increased its position in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock valued at $714,000 after acquiring an additional 203 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock worth $367,000 after acquiring an additional 213 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of Monster Beverage by 1.9% during the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock worth $622,000 after purchasing an additional 217 shares in the last quarter. Finally, Level Four Advisory Services LLC grew its stake 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 valued at $263,000 after purchasing an additional 220 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were 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 directly owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, 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 sold 208,316 shares of company stock valued at $11,484,440 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Trading Up 2.2 %

Shares of NASDAQ:MNST opened at $59.28 on Wednesday. The company's fifty day simple moving average is $55.91 and its 200 day simple moving average is $53.26. The firm has a market cap of $57.69 billion, a price-to-earnings ratio of 38.00, a PEG ratio of 2.28 and a beta of 0.64. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data 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). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MNST. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. upped their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, UBS Group raised their price objective on shares of Monster Beverage from $57.00 to $62.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and an average price target of $57.33.

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.

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