International Assets Investment Management LLC Grows Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

International Assets Investment Management LLC boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 1,220.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,755 shares of the company’s stock after acquiring an additional 33,971 shares during the period. International Assets Investment Management LLC’s holdings in Monster Beverage were worth $2,117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNST. State Street Corp grew its stake in Monster Beverage by 98.4% in the 1st quarter. State Street Corp now owns 34,001,871 shares of the company’s stock worth $1,836,434,000 after acquiring an additional 16,863,544 shares during the period. Geode Capital Management LLC grew its stake in shares of Monster Beverage by 103.0% during the 1st quarter. Geode Capital Management LLC now owns 14,361,510 shares of the company’s stock valued at $773,729,000 after buying an additional 7,287,123 shares during the period. Norges Bank purchased a new stake in shares of Monster Beverage during the 4th quarter valued at $363,374,000. Wellington Management Group LLP grew its stake in shares of Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock valued at $1,033,323,000 after buying an additional 3,296,466 shares during the period. Finally, Barclays PLC grew its stake in shares of Monster Beverage by 32.8% during the 2nd quarter. Barclays PLC now owns 9,747,630 shares of the company’s stock valued at $559,905,000 after buying an additional 2,407,774 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of MNST stock opened at $53.14 on Friday. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The firm has a market capitalization of $55.30 billion, a P/E ratio of 34.28, a P/E/G ratio of 2.11 and a beta of 0.72. The company’s fifty day moving average price is $57.19 and its two-hundred day moving average price is $55.49.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Monster Beverage Co. will post 1.81 EPS for the current year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MNST shares. UBS Group boosted their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on shares of Monster Beverage from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. HSBC lowered their price objective on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. BMO Capital Markets upped their price target on shares of Monster Beverage from $57.00 to $58.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Finally, Citigroup upped their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.11.

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.