Capital International Investors Has $211.33 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Capital International Investors grew its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,020,639 shares of the company's stock after purchasing an additional 1,059,803 shares during the quarter. Capital International Investors owned about 0.41% of Monster Beverage worth $211,325,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Monster Beverage by 62.5% in the 4th 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. Bleakley Financial Group LLC increased its holdings in Monster Beverage by 1.5% in the 4th quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock valued at $714,000 after buying an additional 203 shares during the period. CWA Asset Management Group LLC raised its stake in shares of Monster Beverage by 3.1% in the 4th quarter. CWA Asset Management Group LLC now owns 6,991 shares of the company's stock valued at $367,000 after buying an additional 213 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock valued at $622,000 after acquiring an additional 217 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its stake in Monster Beverage by 4.6% in the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock valued at $263,000 after acquiring an additional 220 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MNST has been the topic of a number of recent research reports. Morgan Stanley lifted their price objective on Monster Beverage from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Bank of America upped their price target on Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank of Canada reissued an "outperform" rating and set a $59.00 price objective on shares of Monster Beverage in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, Truist Financial upped their price objective on shares of Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of "Hold" and a consensus target price of $58.39.

Monster Beverage Trading Down 0.7 %

Shares of Monster Beverage stock traded down $0.39 during trading on Friday, reaching $58.20. 1,089,645 shares of the company were exchanged, compared to its average volume of 6,413,944. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.34. The business has a 50-day moving average price of $56.30 and a 200-day moving average price of $53.37. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $56.64 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 2.28 and a beta of 0.64.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly 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 firm 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%. Sell-side analysts anticipate that Monster Beverage Co. will post 1.62 EPS for the current fiscal 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 stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now directly owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Carling sold 47,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the sale, the insider now directly owns 21,993 shares in the company, valued at approximately $1,210,054.86. This represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,316 shares of company stock valued at $11,484,440 in the last quarter. Company insiders own 7.80% of the company's stock.

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.