Two Sigma Investments LP Has $39.12 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Two Sigma Investments LP increased its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 744,332 shares of the company's stock after acquiring an additional 106,892 shares during the period. Two Sigma Investments LP owned about 0.08% of Monster Beverage worth $39,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Monster Beverage by 62.5% during the fourth 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 raised its holdings in shares of Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after acquiring an additional 203 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Monster Beverage by 1.9% during the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock worth $622,000 after acquiring an additional 217 shares during the period. Level Four Advisory Services LLC raised its holdings in shares of Monster Beverage by 4.6% during the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock worth $263,000 after acquiring an additional 220 shares during the period. Finally, Sapient Capital LLC grew its position in Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock valued at $2,422,000 after purchasing an additional 228 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Monster Beverage stock traded up $0.49 during midday trading on Friday, hitting $63.36. The company's stock had a trading volume of 3,508,902 shares, compared to its average volume of 6,941,427. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $63.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The company has a 50-day moving average price of $59.26 and a two-hundred day moving average price of $54.58. The company has a market cap of $61.79 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.28 and a beta of 0.63.

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

Insider Activity

In other news, Director Mark J. Hall sold 12,000 shares of the business'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 transaction, the director now directly owns 296,846 shares in the company, valued at approximately $16,178,107. The trade was a 3.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares of the company's stock, valued at $4,220,011.38. The trade was a 54.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 217,112 shares of company stock worth $12,033,838. 8.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Roth Capital raised their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Morgan Stanley raised their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and raised their target price for the company from $56.00 to $65.00 in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.81.

About Monster Beverage

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.