O Shaughnessy Asset Management LLC Has $3.29 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

O Shaughnessy Asset Management LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,611 shares of the company's stock after buying an additional 10,445 shares during the period. O Shaughnessy Asset Management LLC's holdings in Monster Beverage were worth $3,291,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MNST. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Bleakley Financial Group LLC raised its position in Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock valued at $714,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC lifted its stake in shares of Monster Beverage by 3.1% during the fourth quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock worth $367,000 after purchasing an additional 213 shares in the last quarter. Level Four Advisory Services LLC boosted its position in shares of Monster Beverage by 4.6% in the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after buying an additional 220 shares during the period. Finally, Sapient Capital LLC grew its stake in shares of Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock valued at $2,422,000 after buying an additional 228 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

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Monster Beverage Trading Up 0.8 %

Shares of Monster Beverage stock traded up $0.44 on Tuesday, reaching $57.55. 4,897,544 shares of the company were exchanged, compared to its average volume of 7,023,905. The stock has a fifty day moving average price of $53.33 and a 200-day moving average price of $52.72. The firm has a market capitalization of $56.00 billion, a price-to-earnings ratio of 36.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.64. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. On average, analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the sale, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at $3,994,528.71. This represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MNST shares. Wells Fargo & Company boosted their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Citigroup lifted their price target on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, UBS Group increased their price objective 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and a consensus price target 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.