Prudential PLC Has $4.13 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Prudential PLC increased its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 78,521 shares of the company's stock after purchasing an additional 14,944 shares during the quarter. Prudential PLC's holdings in Monster Beverage were worth $4,127,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. increased 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 during the last quarter. Spire Wealth Management bought a new stake in shares of Monster Beverage during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage in the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new position in Monster Beverage in the 4th quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the fourth quarter worth approximately $33,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a legal filing 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 dated Friday, March 14th. The stock was 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 of the company's stock, valued at approximately $1,210,054.86. The trade was a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock worth $11,484,440 in the last three months. 7.80% of the stock is owned by corporate insiders.

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Monster Beverage Price Performance

Shares of MNST traded up $0.38 during midday trading on Friday, hitting $58.15. The company's stock had a trading volume of 5,655,756 shares, compared to its average volume of 7,117,653. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.34. The stock has a market capitalization of $56.59 billion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The company's fifty day simple moving average is $54.38 and its two-hundred day simple moving average is $52.92.

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

Wall Street Analyst Weigh In

MNST has been the topic of several research reports. UBS Group upped their target price on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Wells Fargo & Company increased their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Citigroup raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $56.11.

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.