Sei Investments Co. Purchases 104,118 Shares of Monster Beverage Co. (NASDAQ:MNST)

Sei Investments Co. lifted its position in Monster Beverage Co. (NASDAQ:MNST) by 44.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 340,131 shares of the company’s stock after buying an additional 104,118 shares during the period. Sei Investments Co.’s holdings in Monster Beverage were worth $17,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 203 shares during the last quarter. Spire Wealth Management bought a new position in shares of Monster Beverage in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Monster Beverage in the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in Monster Beverage during the fourth quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Monster Beverage during the fourth quarter valued at approximately $33,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of recent research reports. BNP Paribas cut their price objective on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Morgan Stanley lifted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.83.

Monster Beverage Stock Up 1.4 %

MNST opened at $58.58 on Friday. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.09. 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 50-day simple moving average of $52.02 and a two-hundred day simple moving average of $52.33. The company has a market capitalization of $57.01 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results 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). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark J. Hall sold 48,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the sale, the director now owns 296,846 shares in the company, valued at approximately $16,293,876.94. This trade represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is owned by corporate insiders.

Monster Beverage Company 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.