TD Asset Management Inc. Has $221.76 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

TD Asset Management Inc. lowered its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 7.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,219,079 shares of the company’s stock after selling 346,717 shares during the period. TD Asset Management Inc.’s holdings in Monster Beverage were worth $221,755,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management bought a new stake in shares of Monster Beverage in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in Monster Beverage during the fourth quarter worth $31,000. Finally, Geneos Wealth Management Inc. bought a new position in Monster Beverage during the fourth quarter worth $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MNST. Morgan Stanley increased their price target on Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Citigroup boosted their price target on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, February 28th. UBS Group raised their price objective on shares of Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Finally, BNP Paribas dropped their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $55.83.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Hall sold 48,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the transaction, the director now owns 296,846 shares in the company, valued at approximately $16,293,876.94. This trade represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $57.84 on Wednesday. The stock has a market cap of $56.29 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.28 and a beta of 0.71. 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 Co. has a fifty-two week low of $43.32 and a fifty-two week high of $60.13. The firm’s 50-day simple moving average is $51.67 and its 200 day simple moving average is $52.25.

Monster Beverage (NASDAQ:MNST) last posted its earnings results 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). The company had revenue of $1.81 billion during 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, research analysts anticipate that Monster Beverage Co. will post 1.62 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.