Intact Investment Management Inc. Raises Holdings in Monster Beverage Co. (NASDAQ:MNST)

Intact Investment Management Inc. grew its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 77.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,802 shares of the company's stock after acquiring an additional 7,360 shares during the quarter. Intact Investment Management Inc.'s holdings in Monster Beverage were worth $883,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of 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 purchasing an additional 203 shares during the period. Spire Wealth Management acquired a new stake in shares of Monster Beverage during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Monster Beverage during the fourth quarter worth about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded up $0.05 during trading on Thursday, reaching $56.87. The stock had a trading volume of 4,843,275 shares, compared to its average volume of 6,679,816. 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 business has a fifty day moving average price of $51.10 and a 200-day moving average price of $51.96. The stock has a market cap of $55.34 billion, a PE ratio of 36.46, a PEG 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 $60.82.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. On average, equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on 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 lifted their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Morgan Stanley lifted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, BNP Paribas reduced their price target on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research report on Thursday, December 19th. Two equities 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 data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $55.83.

Insiders Place Their Bets

In other news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares of the company's stock, valued at $4,220,011.38. This represents a 54.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Guy Carling sold 47,000 shares of the company's stock in a transaction 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 completion of the transaction, 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. Over the last 90 days, insiders have sold 208,316 shares of company stock valued at $11,484,440. Insiders own 7.80% of the company's stock.

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.