Charles Schwab Investment Management Inc. Acquires 143,871 Shares of Monster Beverage Co. (NASDAQ:MNST)

Charles Schwab Investment Management Inc. raised its holdings in Monster Beverage Co. (NASDAQ:MNST) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,002,484 shares of the company’s stock after acquiring an additional 143,871 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Monster Beverage were worth $210,371,000 as of its most recent SEC filing.

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

Monster Beverage Price Performance

Shares of MNST opened at $55.69 on Friday. The business’s fifty day moving average is $50.50 and its 200 day moving average is $51.39. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. 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 stock has a market cap of $54.16 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In related news, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, 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 insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Argus upped their target price on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Stifel Nicolaus increased their price objective on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Citigroup upped their price target on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, BNP Paribas lowered their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research report on Thursday, December 19th. Two 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.83.

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.