Kensington Investment Counsel LLC Sells 7,762 Shares of Monster Beverage Co. (NASDAQ:MNST)

Kensington Investment Counsel LLC decreased its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,762 shares of the company's stock after selling 7,762 shares during the period. Kensington Investment Counsel LLC's holdings in Monster Beverage were worth $1,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. increased its position in 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 acquiring an additional 203 shares during the period. Spire Wealth Management acquired a new position in Monster Beverage in the 4th quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage in the 4th quarter valued at approximately $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in Monster Beverage in the 4th quarter valued at approximately $33,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Up 0.8 %

NASDAQ:MNST traded up $0.44 during trading hours on Friday, reaching $57.31. The company had a trading volume of 7,642,762 shares, compared to its average volume of 6,708,976. 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 firm has a market cap of $55.77 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 2.28 and a beta of 0.71. The business's 50-day simple moving average is $51.36 and its two-hundred day simple moving average is $52.06. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.13.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, 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 value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Over the last three months, insiders have sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on MNST shares. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. BNP Paribas decreased their price target on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada restated an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. UBS Group increased their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.83.

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.