Motley Fool Asset Management LLC Has $2.68 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Motley Fool Asset Management LLC increased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,907 shares of the company's stock after purchasing an additional 6,380 shares during the period. Motley Fool Asset Management LLC's holdings in Monster Beverage were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Cinctive Capital Management LP purchased a new position in Monster Beverage in the 4th quarter valued at $1,463,000. Huntington National Bank lifted its holdings in shares of Monster Beverage by 756.5% in the 4th quarter. Huntington National Bank now owns 10,664 shares of the company's stock worth $560,000 after acquiring an additional 9,419 shares during the last quarter. Meeder Advisory Services Inc. grew its stake in shares of Monster Beverage by 16.1% in the fourth quarter. Meeder Advisory Services Inc. now owns 15,114 shares of the company's stock valued at $794,000 after buying an additional 2,097 shares in the last quarter. Headlands Technologies LLC acquired a new position in Monster Beverage in the 4th quarter valued at about $2,991,000. Finally, OLD Mission Capital LLC purchased a new stake in Monster Beverage during the 4th quarter worth approximately $3,973,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark J. Hall sold 48,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the sale, the director now directly owns 296,846 shares in the company, valued at approximately $16,293,876.94. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock valued at $11,484,440 over the last quarter. Corporate insiders own 7.80% of the company's stock.

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Monster Beverage Stock Performance

Monster Beverage stock traded up $3.24 during mid-day trading on Wednesday, reaching $58.25. The company had a trading volume of 10,000,578 shares, compared to its average volume of 7,114,856. 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 $56.69 billion, a price-to-earnings ratio of 37.34, a PEG ratio of 2.28 and a beta of 0.64. The company has a 50 day moving average of $53.94 and a 200-day moving average of $52.84.

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 the consensus estimate of $0.40 by ($0.02). The company had revenue of $1.81 billion for 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, sell-side analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MNST shares. BNP Paribas reduced their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company raised their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Citigroup upped their price target on Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $56.11.

Monster Beverage Company 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.