Lindbrook Capital LLC Has $150,000 Stake in Monster Beverage Co. (NASDAQ:MNST)

Lindbrook Capital LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 83.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,608 shares of the company’s stock after buying an additional 1,186 shares during the period. Lindbrook Capital LLC’s holdings in Monster Beverage were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MNST. Wellington Management Group LLP lifted its holdings in Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock worth $1,033,323,000 after purchasing an additional 3,296,466 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Monster Beverage by 61.5% during the 3rd quarter. William Blair Investment Management LLC now owns 3,431,785 shares of the company’s stock worth $181,713,000 after purchasing an additional 1,307,482 shares during the last quarter. American Century Companies Inc. lifted its holdings in Monster Beverage by 33.5% during the 3rd quarter. American Century Companies Inc. now owns 3,782,074 shares of the company’s stock worth $200,261,000 after purchasing an additional 948,133 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Monster Beverage by 32.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,823,265 shares of the company’s stock worth $149,492,000 after purchasing an additional 686,889 shares during the last quarter. Finally, ING Groep NV lifted its holdings in Monster Beverage by 78.2% during the 3rd quarter. ING Groep NV now owns 1,230,778 shares of the company’s stock worth $65,170,000 after purchasing an additional 540,285 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

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

Wall Street Analyst Weigh In

MNST has been the subject of several research reports. HSBC dropped their price target on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Morgan Stanley lifted their price objective on Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Redburn Atlantic initiated coverage on Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating for the company. Finally, Citigroup lifted their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $63.11.

Monster Beverage Stock Up 0.2 %

Shares of MNST stock opened at $53.73 on Wednesday. The firm has a market capitalization of $55.91 billion, a P/E ratio of 34.66, a P/E/G ratio of 2.07 and a beta of 0.72. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22. The stock’s fifty day simple moving average is $57.09 and its 200 day simple moving average is $55.60.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. Monster Beverage’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts expect that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

About Monster Beverage

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.