Pollock Investment Advisors LLC Buys Shares of 7,200 Monster Beverage Co. (NASDAQ:MNST)

Pollock Investment Advisors LLC purchased a new position in Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,200 shares of the company's stock, valued at approximately $378,000.

Several other large investors have also added to or reduced their stakes in MNST. KBC Group NV raised its position in shares of Monster Beverage by 2.4% in the 3rd quarter. KBC Group NV now owns 197,555 shares of the company's stock worth $10,307,000 after acquiring an additional 4,651 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Monster Beverage by 1.3% in the third quarter. CIBC Asset Management Inc now owns 273,708 shares of the company's stock worth $14,279,000 after purchasing an additional 3,525 shares in the last quarter. Empirical Finance LLC lifted its position in Monster Beverage by 1.6% during the third quarter. Empirical Finance LLC now owns 25,733 shares of the company's stock valued at $1,342,000 after buying an additional 417 shares during the period. Empowered Funds LLC boosted its holdings in shares of Monster Beverage by 4.8% during the 3rd quarter. Empowered Funds LLC now owns 24,921 shares of the company's stock valued at $1,300,000 after buying an additional 1,137 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Monster Beverage by 6.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,077,972 shares of the company's stock worth $108,408,000 after buying an additional 133,080 shares during the period. Institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST traded up $0.05 during trading on Thursday, hitting $56.87. The company's stock had a trading volume of 4,843,276 shares, compared to its average volume of 6,680,247. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market cap of $55.34 billion, a price-to-earnings ratio of 36.46, a P/E/G ratio of 2.28 and a beta of 0.71. The company has a 50-day moving average of $51.10 and a 200-day moving average of $51.96. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.82.

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Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company 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%. On average, sell-side analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. JPMorgan Chase & Co. boosted 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. Citigroup increased their target price 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 reaffirmed a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $55.83.

Insider Activity

In related news, 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. The trade was a 54.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the insider now directly owns 21,993 shares of the company's stock, valued at $1,210,054.86. This represents a 68.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock worth $11,484,440 over the last quarter. Insiders own 7.80% of the company's stock.

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.