Vinva Investment Management Ltd Has $3.21 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

Vinva Investment Management Ltd lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,136 shares of the company's stock after acquiring an additional 17,886 shares during the quarter. Vinva Investment Management Ltd's holdings in Monster Beverage were worth $3,211,000 at the end of the most recent reporting period.

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

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 completion of the sale, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. This represents a 12.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MNST shares. JPMorgan Chase & Co. increased their price target on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and set a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. BNP Paribas decreased their price objective 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, Morgan Stanley increased their target price 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. Two equities 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 stock. Based on data from MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and an average price target of $55.83.

Monster Beverage Stock Up 0.9 %

NASDAQ:MNST traded up $0.52 on Monday, hitting $57.83. 6,637,908 shares of the company's stock were exchanged, compared to its average volume of 6,723,387. The firm has a 50-day moving average price of $51.36 and a 200-day moving average price of $52.11. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.13. 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 company has a market cap of $56.28 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released 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). The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, analysts expect 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.