Ninety One UK Ltd Has $498.92 Million Stock Position in Monster Beverage Corporation (NASDAQ:MNST)

Ninety One UK Ltd lowered its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,525,561 shares of the company's stock after selling 29,682 shares during the quarter. Monster Beverage accounts for 1.4% of Ninety One UK Ltd's holdings, making the stock its 24th biggest position. Ninety One UK Ltd owned approximately 0.88% of Monster Beverage worth $498,916,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Monster Beverage by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock worth $897,012,000 after acquiring an additional 1,383,914 shares during the last quarter. Invesco Ltd. boosted its position in Monster Beverage by 9.3% during the 4th quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock worth $451,543,000 after acquiring an additional 734,406 shares during the last quarter. Norges Bank acquired a new position in Monster Beverage during the 4th quarter worth approximately $442,642,000. Northern Trust Corp boosted its position in Monster Beverage by 12.6% during the 4th quarter. Northern Trust Corp now owns 7,357,921 shares of the company's stock worth $386,732,000 after acquiring an additional 825,489 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Monster Beverage by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,406,131 shares of the company's stock worth $284,146,000 after acquiring an additional 493,914 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MNST shares. Bank of America increased their price objective on Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a report on Friday, April 25th. Citigroup increased their price objective on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, April 14th. Roth Mkm increased their price objective on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Rothschild & Co Redburn downgraded Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective for the company. in a report on Wednesday. Finally, UBS Group increased their price objective on Monster Beverage from $62.00 to $63.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Monster Beverage has an average rating of "Hold" and a consensus target price of $61.87.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 8,796 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider owned 89,501 shares in the company, valued at $5,590,232.46. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares in the company, valued at approximately $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Performance

MNST stock traded down $1.74 during trading hours on Wednesday, hitting $59.85. 2,219,311 shares of the stock were exchanged, compared to its average volume of 5,974,942. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $58.37 billion, a P/E ratio of 39.40, a P/E/G ratio of 2.23 and a beta of 0.59. The company has a 50-day simple moving average of $62.49 and a two-hundred day simple moving average of $56.67. Monster Beverage Corporation has a 12 month low of $43.32 and a 12 month high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted 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 firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The company's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 EPS. On average, analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

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.