Monster Beverage Co. (NASDAQ:MNST) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,423 shares of the company’s stock after selling 3,101 shares during the quarter. TD Private Client Wealth LLC’s holdings in Monster Beverage were worth $916,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC raised its position in Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after purchasing an additional 11,779,162 shares during the last quarter. Montrusco Bolton Investments Inc. grew its position in Monster Beverage by 250.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after purchasing an additional 2,480,291 shares during the last quarter. State Street Corp increased its stake in Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Monster Beverage in the fourth quarter valued at about $106,882,000. Finally, Holocene Advisors LP acquired a new stake in shares of Monster Beverage during the third quarter worth about $73,600,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MNST shares. Citigroup boosted their price target on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Morgan Stanley increased their price target on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, BNP Paribas reduced their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.83.

Monster Beverage Stock Up 0.8 %

MNST opened at $57.31 on Monday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $60.13. The company has a market cap of $55.77 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.28 and a beta of 0.71. The business’s fifty day moving average is $51.36 and its two-hundred day moving average is $52.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now owns 72,273 shares in the company, valued at approximately $3,994,528.71. This represents a 12.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 over the last ninety days. 7.80% of the stock is currently owned by insiders.

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.