Natixis Advisors LLC Trims Holdings in Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors LLC decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,736,804 shares of the company's stock after selling 341,168 shares during the quarter. Natixis Advisors LLC owned 0.18% of Monster Beverage worth $91,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MNST. State Street Corp increased its stake in shares of Monster Beverage by 6.9% during the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company's stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock valued at $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC increased its position in Monster Beverage by 109.3% during the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock worth $1,176,913,000 after buying an additional 11,779,162 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Monster Beverage by 3.1% in the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company's stock worth $817,490,000 after acquiring an additional 473,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Monster Beverage by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,002,484 shares of the company's stock valued at $210,371,000 after acquiring an additional 143,871 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

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Monster Beverage Trading Up 0.1 %

MNST stock traded up $0.05 during midday trading on Thursday, reaching $56.87. 4,843,275 shares of the company's stock traded hands, compared to its average volume of 6,679,816. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.82. The business has a 50-day moving average price of $51.10 and a two-hundred day moving average price of $51.96. The company has a market capitalization of $55.34 billion, a P/E ratio of 36.46, a PEG ratio of 2.28 and a beta of 0.71. 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 posted its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at $3,994,528.71. The trade was a 12.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 over the last quarter. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. 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. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. 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. Finally, JPMorgan Chase & Co. increased their price target on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $55.83.

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.