Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Keel Point LLC

Keel Point LLC boosted its position in Monster Beverage Co. (NASDAQ:MNSTFree Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,147 shares of the company’s stock after buying an additional 308 shares during the quarter. Keel Point LLC’s holdings in Monster Beverage were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNST. Cibc World Market Inc. raised its holdings in shares of Monster Beverage by 3.3% during the first quarter. Cibc World Market Inc. now owns 6,759 shares of the company’s stock worth $540,000 after purchasing an additional 219 shares during the period. Dimensional Fund Advisors LP boosted its stake in Monster Beverage by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,097,590 shares of the company’s stock valued at $87,699,000 after acquiring an additional 27,858 shares during the period. Blair William & Co. IL boosted its stake in Monster Beverage by 7.5% in the first quarter. Blair William & Co. IL now owns 2,537 shares of the company’s stock valued at $203,000 after acquiring an additional 177 shares during the period. Sei Investments Co. grew its holdings in shares of Monster Beverage by 76.1% during the first quarter. Sei Investments Co. now owns 37,492 shares of the company’s stock valued at $2,997,000 after purchasing an additional 16,206 shares during the last quarter. Finally, Aviva PLC raised its position in shares of Monster Beverage by 91.4% during the 1st quarter. Aviva PLC now owns 114,297 shares of the company’s stock worth $9,132,000 after purchasing an additional 54,586 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MNST. UBS Group boosted their price objective on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Citigroup increased their price objective on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Morgan Stanley boosted their target price on shares of Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. Finally, Redburn Atlantic assumed coverage on shares of Monster Beverage in a research report on Wednesday, March 6th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.11.

Read Our Latest Research Report on MNST

Insider Buying and Selling

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.

Monster Beverage Stock Performance

MNST opened at $54.69 on Wednesday. The company has a market capitalization of $56.91 billion, a PE ratio of 35.28, a P/E/G ratio of 2.09 and a beta of 0.72. The stock’s fifty day moving average is $57.34 and its 200-day moving average is $55.51. Monster Beverage Co. has a one year low of $47.13 and a one year high of $61.22.

Monster Beverage (NASDAQ:MNSTGet Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company earned $0.28 earnings per share. Monster Beverage’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

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.

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

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