Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 55.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,749 shares of the company's stock after selling 33,201 shares during the quarter. Savoir Faire Capital Management L.P.'s holdings in Monster Beverage were worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Benjamin Edwards Inc. grew its holdings in Monster Beverage by 3,999.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 39,809 shares of the company's stock valued at $2,076,000 after purchasing an additional 38,838 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in shares of Monster Beverage during the third quarter valued at approximately $620,000. Investment Management Corp of Ontario grew its stake in shares of Monster Beverage by 40.8% during the third quarter. Investment Management Corp of Ontario now owns 24,521 shares of the company's stock valued at $1,279,000 after buying an additional 7,100 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Monster Beverage by 5.2% in the third quarter. Integrated Wealth Concepts LLC now owns 17,752 shares of the company's stock worth $926,000 after buying an additional 882 shares during the period. Finally, IHT Wealth Management LLC lifted its stake in shares of Monster Beverage by 100.0% during the 3rd quarter. IHT Wealth Management LLC now owns 8,569 shares of the company's stock worth $445,000 after acquiring an additional 4,285 shares during the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

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Monster Beverage Stock Up 2.3 %

Monster Beverage stock traded up $1.25 during midday trading on Wednesday, reaching $56.26. The company's stock had a trading volume of 2,040,470 shares, compared to its average volume of 7,070,875. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $60.34. The stock has a market capitalization of $54.75 billion, a P/E ratio of 36.12, a PEG ratio of 2.28 and a beta of 0.64. 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 stock's 50-day simple moving average is $53.57 and its 200-day simple moving average is $52.76.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released 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 company had revenue of $1.81 billion for 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 EPS for the current year.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 47,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was 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 $1,210,054.86. This represents a 68.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the insider now directly owns 76,201 shares of the company's stock, valued at $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. Insiders have sold a total of 208,316 shares of company stock valued at $11,484,440 in the last ninety days. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MNST. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. 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. Citigroup boosted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $56.11.

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.