Rathbones Group PLC Has $61.85 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Rathbones Group PLC boosted its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,176,720 shares of the company’s stock after purchasing an additional 971 shares during the quarter. Rathbones Group PLC owned about 0.12% of Monster Beverage worth $61,848,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its holdings in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after acquiring an additional 203 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the period. CWA Asset Management Group LLC grew its holdings in Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company’s stock valued at $367,000 after buying an additional 213 shares in the last quarter. Level Four Advisory Services LLC lifted its holdings in shares of Monster Beverage by 4.6% during the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock worth $263,000 after buying an additional 220 shares in the last quarter. Finally, Sapient Capital LLC boosted its position in shares of Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after acquiring an additional 228 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

MNST has been the subject of several recent research reports. Morgan Stanley boosted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Citigroup lifted their target price on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, UBS Group increased their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Monster Beverage has an average rating of “Hold” and a consensus price target of $56.11.

Monster Beverage Trading Down 4.3 %

Shares of Monster Beverage stock opened at $57.08 on Monday. The stock has a market capitalization of $55.55 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $60.34. The stock has a 50 day moving average price of $53.17 and a two-hundred day moving average price of $52.68. 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 quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. As a group, equities analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Monster Beverage 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.