XTX Topco Ltd Has $1.40 Million Position in Monster Beverage Co. (NASDAQ:MNST)

XTX Topco Ltd lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 101.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,598 shares of the company's stock after purchasing an additional 13,366 shares during the quarter. XTX Topco Ltd's holdings in Monster Beverage were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after buying an additional 1,383,914 shares in the last quarter. Invesco Ltd. boosted its holdings in Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after purchasing an additional 734,406 shares in the last quarter. Norges Bank bought a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $442,642,000. CIBC Private Wealth Group LLC raised its holdings in shares of Monster Beverage by 659.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock worth $251,445,000 after buying an additional 4,231,063 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Monster Beverage by 21.0% during the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company's stock worth $247,905,000 after buying an additional 818,476 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Thomas J. Kelly sold 10,000 shares of the firm'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 transaction of $552,700.00. Following the completion of the transaction, the chief financial officer now directly owns 72,273 shares of the company's stock, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Guy Carling sold 47,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the completion of the sale, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. This represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 over the last quarter. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Trading Up 0.8 %

Monster Beverage stock traded up $0.46 during mid-day trading on Friday, hitting $58.41. 7,138,324 shares of the company's stock were exchanged, compared to its average volume of 7,086,313. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.34. 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 firm has a market capitalization of $56.84 billion, a P/E ratio of 37.44, a PEG ratio of 2.28 and a beta of 0.64. The company's 50 day simple moving average is $55.52 and its 200-day simple moving average is $53.17.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data 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 net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on MNST shares. Jefferies Financial Group increased their price objective on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Morgan Stanley boosted their target price on Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, Citigroup increased their target price on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, April 14th. 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 company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $57.33.

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.