Capital International Inc. CA Has $9.05 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Capital International Inc. CA raised its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,215 shares of the company's stock after purchasing an additional 21,279 shares during the quarter. Capital International Inc. CA's holdings in Monster Beverage were worth $9,052,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MNST. Sustainable Insight Capital Management LLC bought a new stake in shares of Monster Beverage during the 4th quarter worth about $1,214,000. Van ECK Associates Corp boosted its position in Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock worth $8,101,000 after purchasing an additional 7,780 shares during the period. Miracle Mile Advisors LLC acquired a new position in Monster Beverage during the fourth quarter valued at approximately $7,090,000. Diversified Trust Co bought a new position in Monster Beverage in the 4th quarter worth $733,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in Monster Beverage during the 4th quarter worth $423,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on MNST. Deutsche Bank Aktiengesellschaft lifted 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. Bank of America lifted their price target on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of 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 target price on shares of Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Finally, Truist Financial increased their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.39.

Insiders Place Their Bets

In related news, Director Mark J. Hall sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the completion of the sale, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Emelie Tirre sold 91,316 shares of the company'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 transaction, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,316 shares of company stock valued at $11,484,440. Insiders own 7.80% of the company's stock.

Monster Beverage Price Performance

Monster Beverage stock traded down $0.41 during trading hours on Friday, hitting $58.18. 1,177,010 shares of the stock were exchanged, compared to its average volume of 7,038,120. The stock has a market capitalization of $56.62 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.28 and a beta of 0.64. 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 12 month low of $43.32 and a 12 month high of $60.34. The business's 50-day moving average is $56.30 and its two-hundred day moving average is $53.37.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced 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 business 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 research analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

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.