Ilmarinen Mutual Pension Insurance Co Decreases Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Ilmarinen Mutual Pension Insurance Co lessened its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,435 shares of the company's stock after selling 50,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Monster Beverage were worth $4,333,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Monster Beverage by 62.5% in the fourth 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 during the period. Spire Wealth Management acquired a new position in Monster Beverage during the fourth quarter worth approximately $29,000. Retirement Wealth Solutions LLC purchased a new position in Monster Beverage during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Monster Beverage during the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in Monster Beverage during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other Monster Beverage 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 sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 48,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the transaction, the director now directly owns 296,846 shares in the company, valued at $16,293,876.94. This trade represents a 13.92 % 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 worth $11,484,440 in the last 90 days. Corporate insiders own 7.80% of the company's stock.

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Monster Beverage Trading Up 0.6 %

MNST traded up $0.37 during trading on Friday, reaching $58.14. 1,221,150 shares of the company's stock were exchanged, compared to its average volume of 7,090,127. The firm has a fifty day moving average price of $54.15 and a two-hundred day moving average price of $52.88. The stock has a market capitalization of $56.57 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.34. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results 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 net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MNST shares. Royal Bank of Canada restated an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Citigroup increased their price objective 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. UBS Group lifted their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. 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, Monster Beverage currently has a consensus rating of "Hold" and a consensus target price of $56.11.

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.