Wellington Management Group LLP Purchases 818,476 Shares of Monster Beverage Co. (NASDAQ:MNST)

Wellington Management Group LLP raised its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,716,603 shares of the company's stock after acquiring an additional 818,476 shares during the period. Wellington Management Group LLP owned approximately 0.48% of Monster Beverage worth $247,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares during the period. Spire Wealth Management acquired a new position in Monster Beverage during the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in Monster Beverage in the 4th quarter valued at $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage in the 4th quarter worth $33,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Hall sold 48,000 shares of Monster Beverage 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 directly owns 296,846 shares of the company's stock, valued at $16,293,876.94. The trade was a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 over the last 90 days. Company insiders own 7.80% of the company's stock.

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Monster Beverage Stock Down 4.3 %

Shares of NASDAQ:MNST traded down $2.57 during midday trading on Friday, reaching $57.08. The company had a trading volume of 10,386,288 shares, compared to its average volume of 7,004,753. The business's 50 day moving average price is $53.00 and its 200 day moving average price is $52.63. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.66. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $55.55 billion, a PE ratio of 36.59, a P/E/G ratio of 2.28 and a beta of 0.71.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Citigroup increased their target price on Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.11.

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.