iA Global Asset Management Inc. Acquires 6,210 Shares of Monster Beverage Co. (NASDAQ:MNST)

iA Global Asset Management Inc. increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,866 shares of the company's stock after buying an additional 6,210 shares during the period. iA Global Asset Management Inc.'s holdings in Monster Beverage were worth $5,985,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC increased its stake in shares of Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after buying an additional 203 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 worth $28,000 after buying an additional 203 shares during the period. CWA Asset Management Group LLC increased its stake in shares of Monster Beverage by 3.1% in the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock worth $367,000 after buying an additional 213 shares during the period. Accretive Wealth Partners LLC increased its stake in shares of Monster Beverage by 1.3% in the third quarter. Accretive Wealth Partners LLC now owns 17,821 shares of the company's stock worth $930,000 after buying an additional 225 shares during the period. Finally, Sapient Capital LLC increased its position in Monster Beverage by 0.5% during the 4th quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock valued at $2,422,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

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Monster Beverage Stock Up 0.8 %

Monster Beverage stock traded up $0.44 during mid-day trading on Friday, reaching $57.31. The stock had a trading volume of 7,642,762 shares, compared to its average volume of 6,723,733. The company has a market capitalization of $55.77 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.28 and a beta of 0.71. The company has a 50-day moving average price of $51.36 and a two-hundred day moving average price of $52.09. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced 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 the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. On average, analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

MNST has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Morgan Stanley boosted their price objective 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. Citigroup boosted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and an average target price of $55.83.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the transaction, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the transaction, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock worth $11,484,440 in the last quarter. Corporate 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.