Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 806,529 shares of the company's stock after selling 192,624 shares during the period. Wells Fargo & Company MN owned about 0.08% of Monster Beverage worth $42,391,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MNST. Kovitz Investment Group Partners LLC purchased a new position in Monster Beverage during the third quarter valued at approximately $630,000. MML Investors Services LLC grew its stake in shares of Monster Beverage by 8.1% during the 3rd quarter. MML Investors Services LLC now owns 182,134 shares of the company's stock worth $9,502,000 after purchasing an additional 13,649 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of Monster Beverage by 6.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 251,570 shares of the company's stock valued at $13,124,000 after purchasing an additional 15,611 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Monster Beverage by 1.3% in the 3rd quarter. M&T Bank Corp now owns 60,873 shares of the company's stock valued at $3,176,000 after purchasing an additional 787 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Monster Beverage by 3.1% during the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company's stock worth $817,490,000 after buying an additional 473,418 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

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Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction on 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 directly owns 76,201 shares in the company, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark J. Hall sold 48,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the sale, the director now owns 296,846 shares in the company, valued at $16,293,876.94. This represents a 13.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock worth $11,484,440 over the last three months. Insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Wells Fargo & Company lifted their price target on Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Morgan Stanley boosted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. increased their target price on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Hold" and a consensus target price of $56.44.

Monster Beverage Trading Down 0.2 %

MNST stock traded down $0.14 during trading on Tuesday, reaching $58.44. 625,261 shares of the stock were exchanged, compared to its average volume of 7,087,760. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $56.87 billion, a price-to-earnings ratio of 37.46, a P/E/G ratio of 2.28 and a beta of 0.64. The business has a 50 day moving average price of $54.63 and a 200-day moving average price of $52.97. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its 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 business had revenue of $1.81 billion during 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%. On average, research analysts predict that Monster Beverage Co. will post 1.62 earnings per share 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.