Quantinno Capital Management LP Has $11.49 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Quantinno Capital Management LP lifted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 127.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 218,634 shares of the company’s stock after buying an additional 122,684 shares during the quarter. Quantinno Capital Management LP’s holdings in Monster Beverage were worth $11,491,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Monster Beverage in the 4th quarter worth about $442,642,000. CIBC Private Wealth Group LLC lifted its holdings 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 worth $251,445,000 after acquiring an additional 4,231,063 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Monster Beverage by 250.9% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after acquiring an additional 2,480,291 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Monster Beverage during the 4th quarter worth approximately $121,575,000. Finally, Raymond James Financial Inc. bought a new position in Monster Beverage in the fourth quarter valued at approximately $106,882,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, insider Guy Carling sold 47,000 shares of Monster Beverage stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the completion of the transaction, the insider now owns 21,993 shares of the company’s stock, valued at $1,210,054.86. This trade represents a 68.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark J. Hall sold 12,000 shares of Monster Beverage stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the transaction, the director now directly owns 296,846 shares of the company’s stock, valued at $16,178,107. This represents a 3.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 over the last quarter. Insiders own 8.30% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $61.00 on Thursday. The company has a fifty day moving average price of $58.21 and a 200-day moving average price of $54.11. The company has a market capitalization of $59.49 billion, a P/E ratio of 39.10, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $62.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm earned $0.42 earnings per share. Monster Beverage’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities analysts expect that Monster Beverage Co. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial raised their target price on Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. Jefferies Financial Group increased their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. UBS Group upped their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Morgan Stanley raised their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, TD Cowen increased their price target on Monster Beverage from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and a consensus target price of $60.50.

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.