Xponance Inc. Purchases 662 Shares of Monster Beverage Co. (NASDAQ:MNST)

Xponance Inc. boosted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 149,628 shares of the company’s stock after buying an additional 662 shares during the period. Xponance Inc.’s holdings in Monster Beverage were worth $7,864,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after acquiring an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after acquiring an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Monster Beverage by 3.1% during the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after buying an additional 473,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Monster Beverage by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,002,484 shares of the company’s stock worth $210,371,000 after buying an additional 143,871 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Up 0.0 %

Monster Beverage stock opened at $56.82 on Thursday. The stock has a market capitalization of $55.29 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.82. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $51.10 and a 200-day moving average of $51.96.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data 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 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%. On average, equities research analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 12,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the sale, the director now owns 296,846 shares of the company’s stock, valued at $16,178,107. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock valued at $11,484,440 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of recent research reports. BNP Paribas dropped their price target on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating for the company in a research note on Thursday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Citigroup boosted their price target on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, UBS Group boosted their price target on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.83.

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.