Rockefeller Capital Management L.P. Acquires 4,201 Shares of Monster Beverage Co. (NASDAQ:MNST)

Rockefeller Capital Management L.P. boosted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,507 shares of the company’s stock after buying an additional 4,201 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Monster Beverage were worth $1,922,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MNST. Geode Capital Management LLC increased its holdings in Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock worth $897,012,000 after acquiring an additional 1,383,914 shares during the last quarter. Invesco Ltd. increased its stake in shares of Monster Beverage by 9.3% in the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company’s stock worth $451,543,000 after purchasing an additional 734,406 shares in the last quarter. Norges Bank bought a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $442,642,000. CIBC Private Wealth Group LLC lifted its stake in shares of Monster Beverage by 659.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company’s stock valued at $251,445,000 after buying an additional 4,231,063 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Monster Beverage by 21.0% in the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company’s stock worth $247,905,000 after buying an additional 818,476 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST opened at $58.41 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock’s 50 day simple moving average is $55.52 and its 200 day simple moving average is $53.17. The firm has a market cap of $56.84 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $60.34.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Activity

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

Wall Street Analyst Weigh In

MNST has been the topic of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Wells Fargo & Company increased their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. UBS Group increased their target price on shares of Monster Beverage from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and an average price target of $57.33.

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.