Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Crew Capital Management Ltd.

Crew Capital Management Ltd. grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,561 shares of the company’s stock after purchasing an additional 2,737 shares during the quarter. Monster Beverage makes up approximately 0.9% of Crew Capital Management Ltd.’s portfolio, making the stock its 26th largest holding. Crew Capital Management Ltd.’s holdings in Monster Beverage were worth $1,133,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MNST. International Assets Investment Management LLC grew its position in shares of Monster Beverage by 5,117.0% in the third quarter. International Assets Investment Management LLC now owns 22,433 shares of the company’s stock valued at $1,170,000 after purchasing an additional 22,003 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Monster Beverage in the third quarter valued at approximately $214,000. Van ECK Associates Corp grew its position in shares of Monster Beverage by 11.0% in the third quarter. Van ECK Associates Corp now owns 146,345 shares of the company’s stock valued at $7,838,000 after purchasing an additional 14,511 shares during the last quarter. National Pension Service lifted its stake in shares of Monster Beverage by 6.2% during the third quarter. National Pension Service now owns 1,917,610 shares of the company’s stock valued at $100,042,000 after buying an additional 111,783 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Monster Beverage by 4.3% during the third quarter. QRG Capital Management Inc. now owns 71,373 shares of the company’s stock valued at $3,724,000 after buying an additional 2,946 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on MNST. UBS Group upped their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley upped their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. upped their price objective on shares of Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Argus upped their price objective on shares of Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage 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 twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $56.47.

Insider Activity at Monster Beverage

In related news, 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 transaction of $526,500.00. Following the completion of the sale, the chief financial officer now directly owns 74,924 shares of the company’s stock, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST stock opened at $54.82 on Wednesday. The company’s fifty day simple moving average is $50.39 and its 200-day simple moving average is $51.33. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. 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 company has a market cap of $53.31 billion, a PE ratio of 35.14, a P/E/G ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, February 27th. The company reported $0.38 EPS 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 analysts’ expectations of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.

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.