Aquatic Capital Management LLC Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Aquatic Capital Management LLC bought a new position in Monster Beverage Co. (NASDAQ:MNST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,443 shares of the company's stock, valued at approximately $3,177,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management bought a new position in Monster Beverage during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Monster Beverage in the 4th quarter worth $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the 4th quarter worth about $30,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Monster Beverage during the 4th quarter valued at about $33,000. 72.36% of the stock is owned by institutional investors.

Insider Activity

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction dated 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 sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. 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. 7.80% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $58.67 on Monday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $56.45 and its 200-day moving average price is $53.48. The firm has a market cap of $57.10 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.80 billion. On average, equities research analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Morgan Stanley boosted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group upped their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and a consensus price target of $58.39.

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.

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