OLD Mission Capital LLC Takes $3.97 Million Position in Monster Beverage Co. (NASDAQ:MNST)

OLD Mission Capital LLC acquired a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,596 shares of the company's stock, valued at approximately $3,973,000.

Several other hedge funds also recently added to or reduced their stakes in MNST. Janus Henderson Group PLC lifted its stake in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Norges Bank purchased a new stake in Monster Beverage in the 4th quarter valued at about $442,642,000. CIBC Private Wealth Group LLC lifted its position in Monster Beverage by 659.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock valued at $251,445,000 after buying an additional 4,231,063 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in Monster Beverage by 250.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company's stock valued at $178,801,000 after buying an additional 2,480,291 shares during the last quarter. Finally, State Street Corp boosted its stake in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of NASDAQ:MNST traded down $2.57 on Friday, reaching $57.08. 10,386,288 shares of the company were exchanged, compared to its average volume of 7,004,753. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.66. 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 cap of $55.55 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a 50-day moving average of $53.00 and a 200-day moving average of $52.63.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share 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 analyst estimates of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BNP Paribas reduced their price target on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company upped their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Monster Beverage from $60.00 to $61.00 and gave the company 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 research note on Friday, February 28th. Finally, UBS Group lifted their target price on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and a consensus price target of $56.11.

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of Monster Beverage 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 completion of the transaction, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Guy Carling sold 47,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now owns 21,993 shares in the company, valued at approximately $1,210,054.86. This trade represents a 68.12 % 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 in the last 90 days. 7.80% of the stock is currently owned by insiders.

About Monster Beverage

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.