Capital International Inc. CA Has $9.05 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Capital International Inc. CA grew its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,215 shares of the company's stock after purchasing an additional 21,279 shares during the period. Capital International Inc. CA's holdings in Monster Beverage were worth $9,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sustainable Insight Capital Management LLC purchased a new stake in Monster Beverage in the fourth quarter valued at approximately $1,214,000. Van ECK Associates Corp raised its position in Monster Beverage by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock valued at $8,101,000 after purchasing an additional 7,780 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Monster Beverage during the 4th quarter valued at about $7,090,000. Diversified Trust Co acquired a new position in shares of Monster Beverage during the fourth quarter worth $733,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Monster Beverage during the 4th quarter worth $423,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Down 0.8 %

MNST stock traded down $0.50 during mid-day trading on Thursday, hitting $58.59. 3,618,646 shares of the company were exchanged, compared to its average volume of 7,060,381. Monster Beverage Co. has a 1-year low of $43.32 and a 1-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. The firm's 50 day simple moving average is $56.11 and its 200 day simple moving average is $53.30. The firm has a market cap of $57.02 billion, a P/E ratio of 37.56, a P/E/G ratio of 2.28 and a beta of 0.64.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, sell-side analysts predict that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction on 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 approximately $3,994,528.71. This represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Carling sold 47,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now owns 21,993 shares in the company, valued at approximately $1,210,054.86. This trade represents a 68.12 % 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 in the last three months. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Truist Financial raised their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday. UBS Group lifted 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. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. 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's stock. According to MarketBeat.com, Monster Beverage has an average rating of "Hold" and an average price target of $57.89.

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.