Janus Henderson Group PLC Sells 168,972 Shares of Monster Beverage Co. (NASDAQ:MNST)

Janus Henderson Group PLC trimmed its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,390,120 shares of the company's stock after selling 168,972 shares during the quarter. Monster Beverage makes up 0.6% of Janus Henderson Group PLC's holdings, making the stock its 23rd biggest holding. Janus Henderson Group PLC owned approximately 2.30% of Monster Beverage worth $1,176,832,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. boosted its stake 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 valued at $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Monster Beverage in the fourth quarter worth approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Monster Beverage in the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage in the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Monster Beverage in the fourth quarter worth approximately $33,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark J. Hall sold 48,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the completion of the sale, the director now owns 296,846 shares in the company, valued at $16,293,876.94. The trade was a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $5,057,080.08. Following the sale, the insider now owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This represents a 54.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,316 shares of company stock worth $11,484,440 over the last quarter. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MNST shares. Morgan Stanley lifted their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. TD Cowen lifted their price objective on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Bank of America lifted their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Finally, Truist Financial lifted their price objective on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of "Hold" and a consensus price target of $60.20.

Monster Beverage Trading Up 0.4%

MNST traded up $0.21 during trading on Wednesday, hitting $60.44. The company's stock had a trading volume of 556,441 shares, compared to its average volume of 6,950,892. The firm has a market capitalization of $58.94 billion, a P/E ratio of 38.77, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $62.46. The stock's fifty day moving average price is $58.09 and its 200-day moving average price is $54.06. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

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

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.