Twin Capital Management Inc. Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Twin Capital Management Inc. bought a new stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,673 shares of the company's stock, valued at approximately $246,000.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Monster Beverage by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after purchasing an additional 1,383,914 shares during the period. Invesco Ltd. lifted its position in shares of Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock worth $451,543,000 after acquiring an additional 734,406 shares in the last quarter. Norges Bank purchased a new position in shares of Monster Beverage in the fourth quarter valued at $442,642,000. CIBC Private Wealth Group LLC lifted its holdings in Monster Beverage by 659.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock worth $251,445,000 after purchasing an additional 4,231,063 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Monster Beverage by 21.0% in the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company's stock worth $247,905,000 after purchasing an additional 818,476 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Ratings Changes

MNST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. BNP Paribas cut their price target 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. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of "Hold" and an average price target of $56.44.

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Monster Beverage Trading Up 0.2 %

NASDAQ MNST traded up $0.12 during trading on Monday, hitting $58.27. 879,853 shares of the company's stock traded hands, compared to its average volume of 7,099,185. The firm has a market cap of $56.71 billion, a P/E ratio of 37.35, a PEG ratio of 2.28 and a beta of 0.64. The stock has a fifty day moving average of $54.38 and a two-hundred day moving average of $52.93. 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 Co. has a 12-month low of $43.32 and a 12-month high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, sell-side analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on 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 sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the transaction, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 in the last quarter. Company 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.