Monster Beverage Co. (NASDAQ:MNST) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC cut its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,652,853 shares of the company's stock after selling 776,745 shares during the period. William Blair Investment Management LLC owned 0.38% of Monster Beverage worth $191,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. State Street Corp boosted its stake in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company's stock worth $1,760,341,000 after buying an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company's stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares during the period. Janus Henderson Group PLC grew its holdings in Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company's stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC raised its position in Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company's stock worth $817,490,000 after purchasing an additional 473,418 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Monster Beverage by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,002,484 shares of the company's stock worth $210,371,000 after purchasing an additional 143,871 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Remove Ads

Monster Beverage Stock Up 0.8 %

Monster Beverage stock traded up $0.44 during midday trading on Friday, reaching $57.31. The company's stock had a trading volume of 7,642,762 shares, compared to its average volume of 6,696,307. 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 stock has a market capitalization of $55.77 billion, a P/E ratio of 36.74, a PEG ratio of 2.28 and a beta of 0.71. The stock's 50-day simple moving average is $51.20 and its 200-day simple moving average is $51.99. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $60.55.

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

Analyst Ratings Changes

Several equities analysts have commented on MNST shares. JPMorgan Chase & Co. upped their price objective on Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating on the stock in a research report on Thursday, December 19th. Finally, UBS Group boosted their price target on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.83.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the 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 transaction, the insider now directly owns 76,201 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by company insiders.

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.