Monster Beverage Co. (NASDAQ:MNST) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 60,714 shares of the company’s stock after selling 2,000 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Monster Beverage were worth $3,191,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MNST. AIA Group Ltd increased its holdings in shares of Monster Beverage by 31.2% in the fourth quarter. AIA Group Ltd now owns 75,235 shares of the company’s stock valued at $3,954,000 after purchasing an additional 17,911 shares during the last quarter. Wellington Management Group LLP grew its holdings in Monster Beverage by 21.0% in the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company’s stock valued at $247,905,000 after buying an additional 818,476 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Monster Beverage by 20.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,611 shares of the company’s stock valued at $3,291,000 after buying an additional 10,445 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Monster Beverage by 659.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company’s stock worth $251,445,000 after acquiring an additional 4,231,063 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Monster Beverage by 3.6% during the 4th quarter. Schroder Investment Management Group now owns 405,677 shares of the company’s stock worth $21,310,000 after acquiring an additional 13,999 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Up 0.9 %

Shares of NASDAQ MNST opened at $59.04 on Wednesday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $59.07. The stock has a market cap of $57.46 billion, a P/E ratio of 37.85, a PEG ratio of 2.28 and a beta of 0.71. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $52.56 and its 200-day simple moving average is $52.53.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MNST shares. JPMorgan Chase & Co. raised their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. UBS Group raised their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Hold” and a consensus target price of $55.83.

Insider Buying and Selling

In other 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 transaction of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Carling sold 47,000 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the transaction, the insider now directly owns 21,993 shares in the company, valued at $1,210,054.86. This trade represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 over the last 90 days. 7.80% of the stock is owned by 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.