HighPoint Advisor Group LLC Has $722,000 Position in Monster Beverage Co. (NASDAQ:MNST)

HighPoint Advisor Group LLC lessened its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,016 shares of the company’s stock after selling 1,106 shares during the period. HighPoint Advisor Group LLC’s holdings in Monster Beverage were worth $722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MNST. AIA Group Ltd boosted its holdings in shares of Monster Beverage by 31.2% in the fourth quarter. AIA Group Ltd now owns 75,235 shares of the company’s stock valued at $3,954,000 after buying an additional 17,911 shares during the period. Wellington Management Group LLP lifted its position in Monster Beverage by 21.0% in the 4th quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company’s stock valued at $247,905,000 after acquiring an additional 818,476 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Monster Beverage by 20.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,611 shares of the company’s stock valued at $3,291,000 after acquiring an additional 10,445 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Monster Beverage by 659.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company’s stock worth $251,445,000 after purchasing an additional 4,231,063 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Monster Beverage by 3.6% during the 4th quarter. Schroder Investment Management Group now owns 405,677 shares of the company’s stock worth $21,310,000 after purchasing an additional 13,999 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Trading Up 0.9 %

MNST stock opened at $59.04 on Wednesday. Monster Beverage Co. has a one year low of $43.32 and a one year high of $59.07. The stock has a market cap of $57.46 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The company has a fifty day moving average price of $52.56 and a two-hundred day moving average price of $52.53. 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 announced its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS 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 analyst estimates of $1.80 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Equities analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Activity

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were 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 owns 76,201 shares of the company’s stock, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark J. Hall sold 48,000 shares of the company’s stock in a transaction 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 sale, the director now 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. Over the last quarter, insiders have sold 208,316 shares of company stock valued at $11,484,440. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MNST shares. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Citigroup upped their price target on Monster Beverage from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Needham & Company LLC reiterated 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.83.

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.