Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Groupama Asset Managment

Groupama Asset Managment cut its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,946 shares of the company's stock after selling 9,552 shares during the period. Groupama Asset Managment's holdings in Monster Beverage were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNST. Sustainable Insight Capital Management LLC bought a new stake in Monster Beverage during the fourth quarter worth about $1,214,000. Van ECK Associates Corp lifted its holdings in shares of Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock valued at $8,101,000 after purchasing an additional 7,780 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Monster Beverage by 6.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company's stock worth $13,124,000 after purchasing an additional 15,611 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Monster Beverage in the 4th quarter worth approximately $7,090,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Monster Beverage during the 3rd quarter valued at approximately $630,000. Institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MNST. BNP Paribas decreased their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Citigroup upped their target price on shares of Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, UBS Group lifted their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $56.11.

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Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction on Tuesday, March 4th. The stock was 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 in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the business'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 completion of the sale, the chief financial officer now owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Price Performance

Shares of Monster Beverage stock traded up $3.24 during trading hours on Wednesday, reaching $58.25. The stock had a trading volume of 10,000,578 shares, compared to its average volume of 7,114,856. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.34. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $56.69 billion, a PE ratio of 37.34, a PEG ratio of 2.28 and a beta of 0.64. The stock's 50 day moving average is $53.94 and its 200 day moving average is $52.84.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly 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 return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Equities analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Monster Beverage 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.