Headlands Technologies LLC Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Headlands Technologies LLC acquired a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 56,899 shares of the company's stock, valued at approximately $2,991,000.

A number of other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares during the period. Spire Wealth Management acquired a new position in shares of Monster Beverage during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage during the 4th quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. purchased a new position in Monster Beverage in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the business'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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Guy Carling sold 47,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the completion of the sale, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. This trade represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 in the last 90 days. 7.80% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MNST. BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday. 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 research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and an average price target of $56.11.

Monster Beverage Stock Performance

Shares of Monster Beverage stock traded down $2.57 during trading hours on Friday, reaching $57.08. The company's stock had a trading volume of 10,367,498 shares, compared to its average volume of 7,004,739. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.66. The company's 50 day simple moving average is $53.00 and its 200 day simple moving average is $52.63. 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 stock has a market cap of $55.55 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.

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

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.