Vestmark Advisory Solutions Inc. Acquires 452 Shares of Monster Beverage Co. (NASDAQ:MNST)

Vestmark Advisory Solutions Inc. grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,100 shares of the company’s stock after acquiring an additional 452 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Monster Beverage were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp lifted its position in Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Monster Beverage by 4.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after acquiring an additional 1,229,789 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the period. Geode Capital Management LLC boosted its position in shares of Monster Beverage by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after acquiring an additional 473,418 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Monster Beverage by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,002,484 shares of the company’s stock valued at $210,371,000 after acquiring an additional 143,871 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the stock in a transaction dated 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 sale, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the completion of the transaction, the chief financial officer now owns 74,924 shares in the company, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MNST shares. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Morgan Stanley boosted 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. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, TD Cowen upped their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Trading Down 1.1 %

MNST opened at $55.07 on Monday. The firm has a market capitalization of $53.59 billion, a PE ratio of 35.30, a P/E/G ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $61.22. The company’s 50-day moving average is $50.55 and its 200 day moving average is $51.51.

Monster Beverage (NASDAQ:MNST) last posted its earnings results 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). 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 the consensus estimate of $1.80 billion. As a group, research analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal 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.