Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,235 shares of the company's stock after acquiring an additional 11,893 shares during the period. Harvest Fund Management Co. Ltd's holdings in Monster Beverage were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Monster Beverage by 62.5% during 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 period. Spire Wealth Management purchased a new position in shares of Monster Beverage in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Monster Beverage during the 4th quarter worth $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in Monster Beverage during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Performance

NASDAQ MNST traded up $0.44 on Friday, hitting $57.31. 7,642,762 shares of the company's stock traded hands, compared to its average volume of 6,708,976. The firm has a market capitalization of $55.77 billion, a PE ratio of 36.74, a P/E/G ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $60.13. The firm's 50-day moving average price is $51.36 and its two-hundred day moving average price is $52.06. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

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

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 sale, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 over the last quarter. 7.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MNST. Citigroup boosted their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.