Monster Beverage Co. (NASDAQ:MNST) Shares Bought by Annex Advisory Services LLC

Annex Advisory Services LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 7.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,886 shares of the company's stock after acquiring an additional 6,896 shares during the period. Annex Advisory Services LLC's holdings in Monster Beverage were worth $6,138,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Monster Beverage by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after buying an additional 1,383,914 shares during the last quarter. Invesco Ltd. increased its holdings in Monster Beverage by 9.3% in the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock valued at $451,543,000 after buying an additional 734,406 shares during the last quarter. Norges Bank purchased a new position in Monster Beverage in the fourth quarter valued at $442,642,000. Northern Trust Corp increased its holdings in Monster Beverage by 12.6% in the fourth quarter. Northern Trust Corp now owns 7,357,921 shares of the company's stock valued at $386,732,000 after buying an additional 825,489 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Monster Beverage by 10.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,406,131 shares of the company's stock valued at $284,146,000 after buying an additional 493,914 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the sale, the chief financial officer now owns 69,273 shares in the company, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the sale, the insider now owns 89,501 shares of the company's stock, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,796 shares of company stock worth $8,688,558 over the last 90 days. Company insiders own 8.30% of the company's stock.

Monster Beverage Stock Performance

NASDAQ:MNST traded down $0.16 during mid-day trading on Thursday, reaching $63.00. The stock had a trading volume of 4,742,965 shares, compared to its average volume of 6,496,687. 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 firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $64.45. The business has a 50 day simple moving average of $60.23 and a 200 day simple moving average of $55.07.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 21.66% and a return on equity of 23.31%. The firm's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNST has been the topic of several research reports. Bank of America raised their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Jefferies Financial Group raised their price objective on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, UBS Group raised their price objective on Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.81.

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.