Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,235 shares of the company's stock after buying an additional 14,055 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Monster Beverage were worth $9,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of MNST. Royal Bank of Canada boosted its stake in shares of Monster Beverage by 31.8% during the 4th quarter. Royal Bank of Canada now owns 1,866,129 shares of the company's stock worth $98,083,000 after purchasing an additional 449,842 shares during the period. Rafferty Asset Management LLC raised its position in Monster Beverage by 9.0% in the 4th quarter. Rafferty Asset Management LLC now owns 309,263 shares of the company's stock worth $16,255,000 after purchasing an additional 25,508 shares during the period. Raiffeisen Bank International AG bought a new stake in Monster Beverage in the fourth quarter worth about $189,000. Redwood Investment Management LLC purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $3,684,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Monster Beverage during the fourth quarter valued at approximately $42,165,000. Institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Up 0.2%

NASDAQ:MNST traded up $0.14 during trading hours on Friday, reaching $63.01. The company's stock had a trading volume of 868,666 shares, compared to its average volume of 6,931,352. 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 company has a market capitalization of $61.45 billion, a P/E ratio of 40.39, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. The stock has a 50 day moving average price of $59.13 and a two-hundred day moving average price of $54.52. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $63.49.

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 analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business posted $0.42 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts predict that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of research analyst reports. Roth Mkm raised their price target on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. TD Cowen increased their target price on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. CICC Research raised shares of Monster Beverage from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $56.00 to $65.00 in a research note on Monday, May 12th. JPMorgan Chase & Co. upped their price target on shares of Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.81.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the transaction, the chief financial officer now owns 72,273 shares in the company, valued at $3,994,528.71. The trade was a 12.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Emelie Tirre sold 91,316 shares of the 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 sale, the insider now directly owns 76,201 shares of the company's stock, valued at $4,220,011.38. The trade was a 54.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,112 shares of company stock valued at $12,033,838. 8.30% of the stock is currently owned by insiders.

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.