264,972 Shares in Monster Beverage Co. (NASDAQ:MNST) Purchased by Tredje AP fonden

Tredje AP fonden bought a new position in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 264,972 shares of the company's stock, valued at approximately $13,927,000.

A number of other large investors have also added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management bought a new stake in Monster Beverage during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC purchased a new stake in Monster Beverage during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in Monster Beverage in the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Monster Beverage during the 4th quarter worth $33,000. Institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on MNST. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Morgan Stanley upped their price target on Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. UBS Group lifted their price objective on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Two research 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, the stock currently has an average rating of "Hold" and a consensus price target of $55.83.

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Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 12,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total value of $654,000.00. Following the transaction, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. This represents a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business'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 sale, the insider now directly owns 76,201 shares of the company's stock, valued at approximately $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. In the last quarter, insiders sold 198,316 shares of company stock worth $10,931,740. 7.80% of the stock is currently owned by insiders.

Monster Beverage Trading Up 1.0 %

MNST traded up $0.59 on Tuesday, hitting $56.80. The company had a trading volume of 5,476,798 shares, compared to its average volume of 6,673,100. The business's fifty day simple moving average is $50.89 and its 200 day simple moving average is $51.85. 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 Co. has a 12-month low of $43.32 and a 12-month high of $61.21. The company has a market cap of $55.28 billion, a PE ratio of 36.41, a PEG ratio of 2.28 and a beta of 0.71.

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 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%. Equities research analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Monster Beverage Company 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.