Callan Family Office LLC Acquires New Shares in Monster Beverage Co. (NASDAQ:MNST)

Callan Family Office LLC bought a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,670 shares of the company's stock, valued at approximately $351,000.

A number of other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock worth $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Montrusco Bolton Investments Inc. boosted 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 buying an additional 2,480,291 shares during the period. State Street Corp grew its holdings 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 buying an additional 2,168,379 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Monster Beverage in the 4th quarter valued at about $106,882,000. Finally, Holocene Advisors LP purchased a new stake in Monster Beverage during the 3rd quarter valued at approximately $73,600,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

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Monster Beverage Price Performance

MNST stock traded down $0.82 on Wednesday, reaching $54.41. The company had a trading volume of 1,756,347 shares, compared to its average volume of 6,655,071. The company's fifty day moving average is $50.67 and its 200 day moving average is $51.63. The company has a market cap of $52.95 billion, a P/E ratio of 34.91, a PEG ratio of 2.28 and a beta of 0.71. 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 Co. has a 1 year low of $43.32 and a 1 year high of $61.22.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on MNST shares. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. 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. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, UBS Group increased their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.83.

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.