DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $106,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 96.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,018 shares of the company's stock after selling 59,249 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Monster Beverage were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sustainable Insight Capital Management LLC bought a new stake in shares of Monster Beverage in the fourth quarter valued at about $1,214,000. Van ECK Associates Corp boosted its holdings in shares of Monster Beverage by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock worth $8,101,000 after acquiring an additional 7,780 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Monster Beverage during the 4th quarter valued at $7,090,000. Alliance Wealth Advisors LLC UT bought a new position in Monster Beverage in the 4th quarter valued at $423,000. Finally, SYM FINANCIAL Corp acquired a new position in Monster Beverage in the fourth quarter worth $557,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.9%

NASDAQ MNST traded up $0.53 on Friday, reaching $62.86. The company had a trading volume of 8,363,444 shares, compared to its average volume of 6,960,745. The company's fifty day moving average is $58.34 and its 200-day moving average is $54.17. The firm has a market capitalization of $61.30 billion, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 2.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $62.90.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.97 billion. During the same quarter in the previous year, the business posted $0.42 EPS. The business's quarterly revenue was down 2.3% compared to the same quarter last year. On average, research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other Monster Beverage news, 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 transaction, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This trade represents a 12.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,316 shares of company stock valued at $11,484,440. 8.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MNST. Bank of America raised their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the company a "buy" rating in a report on Friday, April 25th. TD Cowen lifted their target price on Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Morgan Stanley boosted their target price on Monster Beverage from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Roth Mkm upped their price target on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, 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 report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage currently has a consensus rating of "Hold" and an average price target of $60.50.

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.