Y Intercept Hong Kong Ltd Makes New Investment in Monster Beverage Co. (NASDAQ:MNST)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,935 shares of the company's stock, valued at approximately $365,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MNST. Howard Capital Management Inc. boosted its position in shares of Monster Beverage by 3.5% in the fourth quarter. Howard Capital Management Inc. now owns 15,425 shares of the company's stock worth $811,000 after buying an additional 523 shares during the period. ING Groep NV lifted its stake in Monster Beverage by 459.0% in the 4th quarter. ING Groep NV now owns 113,191 shares of the company's stock worth $5,949,000 after acquiring an additional 92,943 shares in the last quarter. Handelsbanken Fonder AB boosted its position in Monster Beverage by 69.2% during the 4th quarter. Handelsbanken Fonder AB now owns 445,471 shares of the company's stock worth $23,414,000 after acquiring an additional 182,221 shares during the period. Elk River Wealth Management LLC grew its stake in Monster Beverage by 218.9% during the 4th quarter. Elk River Wealth Management LLC now owns 84,565 shares of the company's stock valued at $4,445,000 after acquiring an additional 58,049 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new position in shares of Monster Beverage in the 4th quarter valued at about $1,776,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MNST shares. JPMorgan Chase & Co. raised their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. BNP Paribas decreased their target price on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research note on Thursday, December 19th. TD Cowen upped their price target on shares of Monster Beverage from $50.00 to $55.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Citigroup lifted their price objective on Monster Beverage from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Finally, UBS Group boosted their target price on Monster Beverage from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday. 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 company's stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and a consensus target price of $55.83.

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Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. The trade was 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 the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now directly owns 74,924 shares of the company's stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Monster Beverage stock traded down $0.24 on Friday, reaching $55.45. 2,684,759 shares of the stock were exchanged, compared to its average volume of 6,633,378. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.22. The firm has a fifty day moving average price of $50.50 and a two-hundred day moving average price of $51.39. The stock has a market cap of $53.92 billion, a PE ratio of 35.55, a PEG ratio of 2.28 and a beta of 0.74.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.80 billion. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current 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.