Invesco Ltd. Acquires 734,406 Shares of Monster Beverage Co. (NASDAQ:MNST)

Invesco Ltd. lifted its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,590,994 shares of the company's stock after acquiring an additional 734,406 shares during the quarter. Invesco Ltd. owned approximately 0.88% of Monster Beverage worth $451,543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. lifted its holdings 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 in the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in Monster Beverage during the 4th quarter valued at about $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Analyst Ratings Changes

MNST has been the topic of several research reports. Wells Fargo & Company upped 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, April 2nd. JPMorgan Chase & Co. increased 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. Morgan Stanley boosted their target price on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $56.44.

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Monster Beverage Stock Performance

NASDAQ MNST traded up $0.12 during trading on Monday, hitting $58.27. The company's stock had a trading volume of 879,853 shares, compared to its average volume of 7,099,185. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.34. 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 $56.71 billion, a P/E ratio of 37.35, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The firm has a 50 day moving average price of $54.38 and a 200 day moving average price of $52.93.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Activity

In other Monster Beverage news, Director Mark J. Hall sold 12,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 296,846 shares in the company, valued at approximately $16,178,107. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares in the company, valued at approximately $3,994,528.71. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders 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.