Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 10.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,327,483 shares of the company's stock after buying an additional 216,712 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.24% of Monster Beverage worth $136,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its stake in shares of Monster Beverage by 33.4% during the 4th quarter. Proficio Capital Partners LLC now owns 5,569 shares of the company's stock worth $293,000 after acquiring an additional 1,395 shares during the last quarter. Mizuho Securities USA LLC raised its position in Monster Beverage by 45.1% in the 4th quarter. Mizuho Securities USA LLC now owns 66,364 shares of the company's stock worth $3,488,000 after purchasing an additional 20,631 shares during the period. Sei Investments Co. lifted its position in shares of Monster Beverage by 44.1% during the fourth quarter. Sei Investments Co. now owns 340,131 shares of the company's stock worth $17,877,000 after purchasing an additional 104,118 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Monster Beverage in the fourth quarter valued at approximately $14,716,000. Finally, LPL Financial LLC grew its position in shares of Monster Beverage by 14.5% during the 4th quarter. LPL Financial LLC now owns 924,246 shares of the company's stock worth $48,346,000 after buying an additional 117,162 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Monster Beverage Stock Down 0.0%

Monster Beverage stock traded down $0.02 during midday trading on Tuesday, hitting $59.41. The stock had a trading volume of 791,615 shares, compared to its average volume of 5,978,342. The stock has a market cap of $57.94 billion, a P/E ratio of 39.05, a P/E/G ratio of 2.12 and a beta of 0.59. The business has a fifty day moving average price of $62.30 and a 200 day moving average price of $57.07. Monster Beverage Corporation has a 12 month low of $43.32 and a 12 month high of $64.45. The company has a current ratio of 3.37, a quick ratio of 2.78 and a debt-to-equity ratio of 0.03.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter last year, the business posted $0.42 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. Research analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. Morgan Stanley boosted their price objective on shares of Monster Beverage from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Stifel Nicolaus began coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price target for the company. TD Cowen upped their target price on Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price objective on Monster Beverage from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Roth Capital increased their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Hold" and a consensus target price of $61.91.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction that occurred on 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 transaction, the chief financial officer owned 69,273 shares of the company's stock, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $549,398.16. Following the completion of the sale, the insider owned 89,501 shares in the company, valued at $5,590,232.46. This represents a 8.95% 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.

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.

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