Monster Beverage Co. (NASDAQ:MNST) Stock Position Lifted by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,200 shares of the company’s stock after buying an additional 4,600 shares during the period. Intact Investment Management Inc.’s holdings in Monster Beverage were worth $497,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Logan Capital Management Inc. lifted its holdings in Monster Beverage by 102.6% during the 1st quarter. Logan Capital Management Inc. now owns 180,102 shares of the company’s stock worth $9,727,000 after buying an additional 91,206 shares during the last quarter. DE Burlo Group Inc. bought a new position in Monster Beverage during the 1st quarter worth approximately $3,651,000. XTX Topco Ltd bought a new position in Monster Beverage during the 1st quarter worth approximately $366,000. Veritable L.P. lifted its holdings in shares of Monster Beverage by 129.6% in the 1st quarter. Veritable L.P. now owns 25,180 shares of the company’s stock worth $1,360,000 after purchasing an additional 14,214 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Monster Beverage by 92.3% in the 1st quarter. Renaissance Technologies LLC now owns 5,780,732 shares of the company’s stock worth $312,217,000 after purchasing an additional 2,775,315 shares during the last quarter. Institutional investors own 64.60% of the company’s stock.

Monster Beverage Stock Down 0.5 %

Shares of MNST stock opened at $56.37 on Monday. Monster Beverage Co. has a 12 month low of $42.81 and a 12 month high of $60.47. The firm has a market cap of $59.05 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83. The stock has a 50 day moving average of $57.31 and a 200-day moving average of $56.35.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Monster Beverage had a return on equity of 19.75% and a net margin of 21.45%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that Monster Beverage Co. will post 1.54 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $57.35, for a total transaction of $6,308,500.00. Following the completion of the transaction, the director now directly owns 1,141,262 shares in the company, valued at $65,451,375.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Mark J. Hall sold 56,202 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $58.81, for a total value of $3,305,239.62. Following the completion of the transaction, the director now directly owns 1,027,840 shares in the company, valued at $60,447,270.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark J. Hall sold 110,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $57.35, for a total value of $6,308,500.00. Following the completion of the transaction, the director now owns 1,141,262 shares of the company’s stock, valued at $65,451,375.70. The disclosure for this sale can be found here. Insiders sold a total of 166,318 shares of company stock worth $9,620,379 over the last three months. 9.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Monster Beverage from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, July 31st. MKM Partners raised their target price on Monster Beverage from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, August 10th. HSBC initiated coverage on Monster Beverage in a research report on Monday, August 14th. They set a “buy” rating and a $72.00 price target for the company. Evercore ISI restated an “outperform” rating and set a $65.00 price objective on shares of Monster Beverage in a research note on Thursday, August 10th. Finally, StockNews.com initiated coverage on shares of Monster Beverage in a report on Thursday, August 17th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $61.71.

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: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.