Schroder Investment Management Group Increases Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Schroder Investment Management Group boosted its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,677 shares of the company's stock after buying an additional 13,999 shares during the period. Schroder Investment Management Group's holdings in Monster Beverage were worth $21,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Benjamin Edwards Inc. raised its stake in shares of 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 period. Chevy Chase Trust Holdings LLC grew its holdings in Monster Beverage by 5.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 459,495 shares of the company's stock valued at $23,972,000 after buying an additional 23,906 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in shares of Monster Beverage during the third quarter valued at about $620,000. Investment Management Corp of Ontario lifted its holdings in shares of Monster Beverage by 40.8% in the third quarter. Investment Management Corp of Ontario now owns 24,521 shares of the company's stock worth $1,279,000 after buying an additional 7,100 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position 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 valued at $926,000 after acquiring an additional 882 shares during the period. Institutional investors own 72.36% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group upped their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Morgan Stanley boosted their target price on Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Citigroup raised their price target on Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a report on Friday, February 28th. Finally, BNP Paribas cut their price objective on Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Thursday, December 19th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $56.11.

Monster Beverage Trading Down 4.3 %

NASDAQ MNST traded down $2.57 during trading on Friday, hitting $57.08. 10,386,288 shares of the company's stock traded hands, compared to its average volume of 7,010,486. The stock has a fifty day moving average of $53.00 and a two-hundred day moving average of $52.63. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.66. The firm has a market cap of $55.55 billion, a P/E ratio of 36.59, a PEG ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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 company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Activity

In other news, insider Emelie Tirre sold 91,316 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark J. Hall sold 48,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the sale, the director now owns 296,846 shares of the company's stock, valued at approximately $16,293,876.94. This represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is currently owned by company 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.