Goldstream Capital Management Ltd Cuts Holdings in Monster Beverage Co. (NASDAQ:MNST)

Goldstream Capital Management Ltd decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 58.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,919 shares of the company's stock after selling 5,415 shares during the period. Goldstream Capital Management Ltd's holdings in Monster Beverage were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Monster Beverage by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after purchasing an additional 1,383,914 shares during the period. Invesco Ltd. boosted its position in Monster Beverage by 9.3% during the 4th quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock worth $451,543,000 after acquiring an additional 734,406 shares during the period. Norges Bank purchased a new position in Monster Beverage during the 4th quarter valued at about $442,642,000. CIBC Private Wealth Group LLC increased its holdings in shares of Monster Beverage by 659.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock valued at $251,445,000 after purchasing an additional 4,231,063 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Monster Beverage by 21.0% in the fourth quarter. Wellington Management Group LLP now owns 4,716,603 shares of the company's stock worth $247,905,000 after purchasing an additional 818,476 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Trading Up 0.1 %

Monster Beverage stock traded up $0.08 during trading hours on Friday, reaching $58.67. 3,898,245 shares of the company's stock were exchanged, compared to its average volume of 7,046,508. The firm has a market capitalization of $57.10 billion, a PE ratio of 37.61, a PEG ratio of 2.28 and a beta of 0.64. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $56.45 and its 200 day simple moving average is $53.43. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $60.34.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Research analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on MNST shares. JPMorgan Chase & Co. upped their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Morgan Stanley increased their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. 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 report on Wednesday, April 16th. Citigroup upped their price target on Monster Beverage from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. Finally, Wells Fargo & Company raised their price objective on Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $58.39.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 72,273 shares of the company's stock, valued at approximately $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark J. Hall sold 48,000 shares of the company'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 value of $2,634,720.00. Following the transaction, the director now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company's stock.

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.