Monster Beverage Co. (NASDAQ:MNST) Position Lifted by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,297 shares of the company's stock after buying an additional 13,198 shares during the quarter. Monster Beverage makes up approximately 0.9% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 9th biggest position. Landscape Capital Management L.L.C.'s holdings in Monster Beverage were worth $8,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MNST. State Street Corp lifted its position in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares during the last quarter. Geode Capital Management LLC grew its holdings in Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock worth $897,012,000 after acquiring an additional 1,383,914 shares during the last quarter. Norges Bank purchased a new stake in shares of Monster Beverage during the fourth quarter worth about $442,642,000. CIBC Private Wealth Group LLC grew its stake in shares of Monster Beverage by 659.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock worth $251,445,000 after purchasing an additional 4,231,063 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Monster Beverage by 21.0% during the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company's stock valued at $247,905,000 after purchasing an additional 818,476 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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 research report on Friday, February 28th. Citigroup upped their price objective 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. BNP Paribas cut their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research note on Thursday, December 19th. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, UBS Group lifted their price objective on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of "Hold" and an average target price of $56.11.

Insider Buying and Selling

In other news, Director Mark J. Hall sold 12,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total value of $654,000.00. Following the transaction, the director now directly owns 296,846 shares in the company, valued at $16,178,107. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Emelie Tirre sold 91,316 shares of the company'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 sale, the insider now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Stock Up 2.3 %

Shares of MNST traded up $1.25 on Wednesday, hitting $56.26. 2,040,470 shares of the stock traded hands, compared to its average volume of 7,070,821. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.34. The company has a market capitalization of $54.75 billion, a PE ratio of 36.12, a P/E/G ratio of 2.28 and a beta of 0.64. The business has a 50 day simple moving average of $53.57 and a 200 day simple moving average of $52.76. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its 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). 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, equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

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.