Intact Investment Management Inc. Has $883,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Intact Investment Management Inc. raised its holdings in Monster Beverage Co. (NASDAQ:MNST) by 77.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,802 shares of the company’s stock after buying an additional 7,360 shares during the quarter. Intact Investment Management Inc.’s holdings in Monster Beverage were worth $883,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. 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 buying an additional 203 shares in the last quarter. Spire Wealth Management acquired a new stake in Monster Beverage in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in Monster Beverage in the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage in the 4th quarter valued at $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage in the 4th quarter valued at $33,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Monster Beverage in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price objective on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. 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 research note on Friday, February 28th. BNP Paribas reduced their price objective on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research note on Thursday, December 19th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Monster Beverage has an average rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Stock Up 1.4 %

Shares of Monster Beverage stock opened at $55.09 on Friday. Monster Beverage Co. has a 1 year low of $43.32 and a 1 year high of $61.21. The business has a 50-day moving average of $50.80 and a two-hundred day moving average of $51.76. The company has a market capitalization of $53.61 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

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

Insider Activity

In other news, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares of the company’s stock, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark J. Hall sold 48,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the completion of the sale, the director now directly owns 296,846 shares of the company’s stock, valued at approximately $16,293,876.94. The trade was a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 186,316 shares of company stock valued at $10,277,740 over the last three months. Insiders own 7.80% of the company’s stock.

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.