Cerity Partners LLC Boosts Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Cerity Partners LLC increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,833 shares of the company's stock after buying an additional 5,895 shares during the quarter. Cerity Partners LLC owned about 0.06% of Monster Beverage worth $28,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after buying an additional 203 shares in the last quarter. CWA Asset Management Group LLC grew its position in Monster Beverage by 3.1% during the 4th 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. 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 purchasing an additional 220 shares during the last quarter. Finally, Sapient Capital LLC increased its stake in shares of Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock valued at $2,422,000 after buying an additional 228 shares during the period. Institutional investors own 72.36% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on MNST shares. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. UBS Group raised 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Finally, Citigroup upped their price target on shares of Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $56.44.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. This represents a 68.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction on 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 approximately $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock valued at $11,484,440 in the last 90 days. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

NASDAQ MNST traded up $0.12 during trading hours on Monday, reaching $58.27. 879,853 shares of the company were exchanged, compared to its average volume of 7,099,123. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $56.71 billion, a P/E ratio of 37.35, a P/E/G ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.34. The business's 50 day simple moving average is $54.38 and its 200-day simple moving average is $52.93.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced 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 net margin of 21.66% and a return on equity of 23.31%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

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.