BOK Financial Private Wealth Inc. Cuts Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

BOK Financial Private Wealth Inc. lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,109 shares of the company's stock after selling 4,912 shares during the quarter. BOK Financial Private Wealth Inc.'s holdings in Monster Beverage were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MNST. Janus Henderson Group PLC increased its position in shares of Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the period. Montrusco Bolton Investments Inc. grew its stake in shares of Monster Beverage by 250.9% during the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company's stock worth $178,801,000 after purchasing an additional 2,480,291 shares in the last quarter. State Street Corp grew its stake in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Monster Beverage during the fourth quarter worth $106,882,000. Finally, Holocene Advisors LP acquired a new position in shares of Monster Beverage during the third quarter worth $73,600,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Buying and Selling

In related 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 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. This represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 74,924 shares of the company's stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Price Performance

Shares of MNST opened at $55.07 on Friday. The company has a market capitalization of $53.59 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The firm has a 50-day simple moving average of $50.55 and a 200-day simple moving average of $51.48. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MNST. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. TD Cowen boosted their target price on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Morgan Stanley upped their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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