Ninety One UK Ltd Has $22.81 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Ninety One UK Ltd raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 23.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 395,860 shares of the company’s stock after purchasing an additional 74,563 shares during the quarter. Ninety One UK Ltd’s holdings in Monster Beverage were worth $22,805,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MNST. Freedom Wealth Alliance LLC bought a new position in shares of Monster Beverage during the 4th quarter worth about $25,000. Peoples Bank KS bought a new position in shares of Monster Beverage during the 3rd quarter worth about $26,000. Resurgent Financial Advisors LLC bought a new position in shares of Monster Beverage during the 4th quarter worth about $26,000. Ancora Advisors LLC bought a new position in shares of Monster Beverage during the 1st quarter worth about $27,000. Finally, Quarry LP increased its holdings in shares of Monster Beverage by 276.1% during the 1st quarter. Quarry LP now owns 504 shares of the company’s stock worth $27,000 after purchasing an additional 370 shares during the period. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now directly owns 777,840 shares in the company, valued at $45,542,532. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MNST has been the topic of several research reports. UBS Group boosted their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. The Goldman Sachs Group upped their target price on shares of Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Jefferies Financial Group upped their target price on shares of Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Royal Bank of Canada upped their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.11.

Monster Beverage Trading Down 1.5 %

Shares of MNST stock opened at $53.46 on Friday. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The firm’s 50 day moving average is $57.24 and its 200-day moving average is $55.49. The firm has a market capitalization of $55.63 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.11 and a beta of 0.72.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the business earned $0.28 earnings per share. Monster Beverage’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities research analysts forecast that Monster Beverage Co. will post 1.81 earnings per share 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.