Teachers Retirement System of The State of Kentucky Grows Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Teachers Retirement System of The State of Kentucky raised its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,819 shares of the company's stock after buying an additional 4,918 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Monster Beverage were worth $22,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MNST. Geode Capital Management LLC increased its holdings in shares of Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after acquiring an additional 1,383,914 shares during the period. Invesco Ltd. raised its stake in shares of Monster Beverage by 9.3% in the fourth quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock worth $451,543,000 after purchasing an additional 734,406 shares during the last quarter. Norges Bank acquired a new stake in Monster Beverage during the 4th quarter valued at approximately $442,642,000. Northern Trust Corp increased its stake in shares of Monster Beverage by 12.6% in the fourth 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Monster Beverage by 10.1% during 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 purchasing an additional 493,914 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Up 0.0%

Monster Beverage stock traded up $0.01 during trading on Tuesday, reaching $59.44. 2,208,122 shares of the company were exchanged, compared to its average volume of 5,983,715. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.37 and a quick ratio of 2.78. The stock's 50 day simple moving average is $62.30 and its two-hundred day simple moving average is $57.07. The company has a market capitalization of $57.97 billion, a P/E ratio of 39.11, a PEG ratio of 2.12 and a beta of 0.59. Monster Beverage Corporation has a 52-week low of $43.32 and a 52-week high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNST has been the subject of a number of recent research reports. CICC Research upgraded Monster Beverage from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $56.00 to $65.00 in a research note on Monday, May 12th. Rothschild & Co Redburn lowered Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a research report on Wednesday, July 9th. Stifel Nicolaus began coverage on shares of Monster Beverage in a research note on Thursday, June 12th. They set a "buy" rating and a $72.00 price objective on the stock. Jefferies Financial Group increased their target price on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Finally, Citigroup lifted their price target on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.91.

Insider Transactions at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 69,273 shares in the company, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 8,796 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the sale, the insider directly owned 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is 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.