Twin Tree Management LP Sells 9,371 Shares of Monster Beverage Co. (NASDAQ:MNST)

Twin Tree Management LP cut its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,396 shares of the company's stock after selling 9,371 shares during the quarter. Twin Tree Management LP's holdings in Monster Beverage were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MNST. Empowered Funds LLC raised its holdings in shares of Monster Beverage by 4.8% in the 3rd quarter. Empowered Funds LLC now owns 24,921 shares of the company's stock valued at $1,300,000 after acquiring an additional 1,137 shares in the last quarter. Claro Advisors LLC bought a new position in shares of Monster Beverage in the third quarter worth approximately $393,000. Thrivent Financial for Lutherans raised its stake in Monster Beverage by 0.7% in the third quarter. Thrivent Financial for Lutherans now owns 39,187 shares of the company's stock valued at $2,045,000 after purchasing an additional 259 shares in the last quarter. Caprock Group LLC raised its stake in Monster Beverage by 5.5% in the third quarter. Caprock Group LLC now owns 14,057 shares of the company's stock valued at $733,000 after purchasing an additional 733 shares in the last quarter. Finally, Knuff & Co LLC lifted its position in Monster Beverage by 24.5% during the third quarter. Knuff & Co LLC now owns 94,989 shares of the company's stock valued at $4,956,000 after purchasing an additional 18,669 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

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Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction on 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 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 disclosure for this sale can be found here. In the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research analyst reports. BNP Paribas decreased their price target on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised 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. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their target price on Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $55.83.

Monster Beverage Trading Up 0.8 %

Monster Beverage stock traded up $0.44 during trading hours on Friday, reaching $57.31. The stock had a trading volume of 7,642,762 shares, compared to its average volume of 6,708,976. The company has a fifty day simple moving average of $51.36 and a 200-day simple moving average of $52.06. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.13. The stock has a market cap of $55.77 billion, a PE ratio of 36.74, 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 posted its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

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.