Ossiam Boosts Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Ossiam raised its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,963 shares of the company's stock after purchasing an additional 11,674 shares during the quarter. Ossiam's holdings in Monster Beverage were worth $1,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $442,642,000. CIBC Private Wealth Group LLC raised its stake in Monster Beverage by 659.1% during 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 purchasing an additional 4,231,063 shares in the last quarter. Montrusco Bolton Investments Inc. lifted its holdings in shares of Monster Beverage by 250.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company's stock valued at $178,801,000 after acquiring an additional 2,480,291 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $121,575,000. Finally, Raymond James Financial Inc. purchased a new position in Monster Beverage during the fourth quarter worth $106,882,000. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Needham & Company LLC reissued a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Citigroup raised their price target on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, April 14th. Finally, 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 report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $57.33.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $58.01 on Tuesday. The business has a fifty day simple moving average of $55.72 and a 200-day simple moving average of $53.22. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.34. The company has a market cap of $56.45 billion, a P/E ratio of 37.19, a P/E/G ratio of 2.28 and a beta of 0.64. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued 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). The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Equities research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm's 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 completion of the transaction, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares of the company's stock, valued at $4,220,011.38. This trade 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 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

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.

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