Louisiana State Employees Retirement System Purchases New Holdings in Monster Beverage Co. (NASDAQ:MNST)

Louisiana State Employees Retirement System acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNSTFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 127,400 shares of the company’s stock, valued at approximately $7,340,000.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its stake in shares of Monster Beverage by 8.6% in the fourth quarter. WCM Investment Management LLC now owns 90,554 shares of the company’s stock valued at $5,200,000 after buying an additional 7,187 shares during the period. Cornerstone Wealth Group LLC increased its position in shares of Monster Beverage by 8.9% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,792 shares of the company’s stock worth $2,984,000 after purchasing an additional 4,241 shares during the period. Perigon Wealth Management LLC lifted its position in Monster Beverage by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 18,494 shares of the company’s stock worth $1,065,000 after purchasing an additional 483 shares during the period. Sapient Capital LLC acquired a new stake in Monster Beverage during the fourth quarter worth about $2,266,000. Finally, Janiczek Wealth Management LLC increased its holdings in Monster Beverage by 40.6% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,809 shares of the company’s stock valued at $104,000 after buying an additional 522 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the transaction, the director now owns 777,840 shares in the company, valued at $45,542,532. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.40% of the stock is owned by corporate insiders.

Monster Beverage Price Performance

MNST stock traded up $0.28 during mid-day trading on Friday, reaching $55.01. The company had a trading volume of 5,634,395 shares, compared to its average volume of 4,259,000. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The company has a market capitalization of $57.25 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.72. The firm has a 50 day moving average of $57.40 and a 200 day moving average of $55.48.

Monster Beverage (NASDAQ:MNSTGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Analysts anticipate that Monster Beverage Co. will post 1.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MNST. JPMorgan Chase & Co. increased their price target on shares of Monster Beverage from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. UBS Group increased their target price on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Jefferies Financial Group boosted their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Morgan Stanley upped their price objective on shares of Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Redburn Atlantic assumed coverage on Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.11.

Check Out Our Latest Stock Analysis on Monster Beverage

About Monster Beverage

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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