Alyeska Investment Group L.P. Has $131.63 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Alyeska Investment Group L.P. increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,504,349 shares of the company's stock after acquiring an additional 608,318 shares during the period. Alyeska Investment Group L.P. owned approximately 0.26% of Monster Beverage worth $131,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Monster Beverage by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after purchasing an additional 1,383,914 shares in the last quarter. Invesco Ltd. grew its stake in shares of Monster Beverage by 9.3% during the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after acquiring an additional 734,406 shares in the last quarter. Norges Bank purchased a new stake in shares of Monster Beverage during the fourth quarter worth about $442,642,000. Northern Trust Corp raised its position in shares of Monster Beverage by 12.6% in the 4th quarter. Northern Trust Corp now owns 7,357,921 shares of the company's stock valued at $386,732,000 after purchasing an additional 825,489 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew 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 buying an additional 4,231,063 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Monster Beverage Price Performance

Shares of MNST stock traded down $0.89 during mid-day trading on Tuesday, hitting $60.02. 5,255,544 shares of the stock traded hands, compared to its average volume of 6,970,353. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $61.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company's 50-day simple moving average is $57.37 and its 200-day simple moving average is $53.77. The firm has a market cap of $58.53 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. As a group, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MNST shares. Bank of America upped their target price on shares of Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft increased their target price on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. UBS Group boosted their price target on Monster Beverage from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Finally, Morgan Stanley boosted their target price on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating 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 given a buy rating to the stock. According to MarketBeat, Monster Beverage currently has an average rating of "Hold" and a consensus target price of $58.89.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 47,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.02, for a total transaction of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. The trade was a 68.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the firm's stock in a transaction 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 approximately $4,220,011.38. This trade represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock worth $11,484,440 in the last quarter. 7.80% of the stock is owned by company insiders.

Monster Beverage Company 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.