Deutsche Bank AG Has $204.03 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Deutsche Bank AG grew its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,881,907 shares of the company's stock after buying an additional 639,549 shares during the quarter. Deutsche Bank AG owned approximately 0.40% of Monster Beverage worth $204,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNST. Norges Bank acquired a new stake in shares of Monster Beverage in the fourth quarter valued at $442,642,000. CIBC Private Wealth Group LLC increased its stake in shares of Monster Beverage by 659.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock valued at $251,445,000 after buying an additional 4,231,063 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in shares of Monster Beverage by 250.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company's stock valued at $178,801,000 after buying an additional 2,480,291 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at $121,575,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Monster Beverage in the fourth quarter valued at $106,882,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial lifted their price objective on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday. UBS Group lifted their price objective on Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a research report on Friday. Bank of America raised their target price on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Finally, Jefferies Financial Group raised their target price on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage has an average rating of "Hold" and an average price target of $60.42.

Monster Beverage Price Performance

Shares of MNST stock traded up $0.36 on Monday, hitting $61.36. 6,287,973 shares of the company's stock were exchanged, compared to its average volume of 6,974,277. 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 Co. has a 12 month low of $43.32 and a 12 month high of $62.46. The stock has a market cap of $59.84 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. The company has a 50 day moving average of $58.00 and a 200 day moving average of $54.02.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, equities research analysts predict that Monster Beverage Co. will post 1.62 EPS for the current year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the 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 in the company, valued at approximately $4,220,011.38. This trade represents a 54.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Hall sold 12,000 shares of the stock in a transaction dated 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 transaction, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. This represents a 3.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,316 shares of company stock worth $11,484,440. 8.30% of the stock is currently owned by insiders.

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.