Norinchukin Bank The Buys 4,473 Shares of Monster Beverage Co. (NASDAQ:MNST)

Norinchukin Bank The boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,675 shares of the company’s stock after buying an additional 4,473 shares during the period. Norinchukin Bank The’s holdings in Monster Beverage were worth $2,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MNST. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 1,383,914 shares in the last quarter. Invesco Ltd. lifted 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 valued at $451,543,000 after buying an additional 734,406 shares in the last quarter. Norges Bank bought a new stake in shares of Monster Beverage during the fourth quarter worth about $442,642,000. CIBC Private Wealth Group LLC increased its position in shares of Monster Beverage by 659.1% during the fourth 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 in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of 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 acquiring an additional 818,476 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.02, for a total value of $2,585,940.00. Following the completion of the transaction, the insider now directly owns 21,993 shares of the company’s stock, valued at $1,210,054.86. This trade represents a 68.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the transaction, the chief financial officer now owns 72,273 shares of the company’s stock, 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. In the last quarter, insiders have sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $58.41 on Monday. The company has a 50-day moving average price of $55.52 and a two-hundred day moving average price of $53.17. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.34. 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 firm has a market capitalization of $56.84 billion, a PE ratio of 37.44, a P/E/G ratio of 2.28 and a beta of 0.64.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Equities analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company upped their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Jefferies Financial Group raised their price objective on Monster Beverage from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Citigroup upped their target price on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Monster Beverage has an average rating of “Hold” and a consensus target price of $57.33.

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.