National Bank of Canada FI Purchases 20,815 Shares of Monster Beverage Co. (NASDAQ:MNST)

National Bank of Canada FI grew its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 564,737 shares of the company's stock after buying an additional 20,815 shares during the period. National Bank of Canada FI owned 0.06% of Monster Beverage worth $29,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after buying an additional 203 shares during the period. Bleakley Financial Group LLC grew its position in Monster Beverage by 1.5% during 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 in the last quarter. CWA Asset Management Group LLC increased its stake in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock worth $367,000 after acquiring an additional 213 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in shares of Monster Beverage by 4.6% in the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock valued at $263,000 after acquiring an additional 220 shares in the last quarter. Finally, Sapient Capital LLC boosted its position in shares of 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 acquiring an additional 228 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

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Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 in the last 90 days. Insiders own 7.80% of the company's stock.

Monster Beverage Trading Down 4.3 %

Shares of NASDAQ MNST traded down $2.57 during mid-day trading on Friday, hitting $57.08. The stock had a trading volume of 10,386,288 shares, compared to its average volume of 7,010,486. The business has a 50 day moving average price of $53.17 and a two-hundred day moving average price of $52.67. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The firm has a market cap of $55.55 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, equities analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Morgan Stanley lifted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. BNP Paribas reduced their target price on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research note on Thursday, December 19th. Citigroup lifted 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.11.

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.