SVB Wealth LLC Grows Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

SVB Wealth LLC raised its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,815 shares of the company's stock after acquiring an additional 15,598 shares during the quarter. SVB Wealth LLC's holdings in Monster Beverage were worth $5,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cibc World Market Inc. lifted its position in shares of Monster Beverage by 3.3% in the first quarter. Cibc World Market Inc. now owns 6,759 shares of the company's stock worth $540,000 after buying an additional 219 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Monster Beverage by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,097,590 shares of the company's stock worth $87,699,000 after acquiring an additional 27,858 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Monster Beverage by 7.5% during the 1st quarter. Blair William & Co. IL now owns 2,537 shares of the company's stock worth $203,000 after acquiring an additional 177 shares in the last quarter. Sei Investments Co. boosted its position in shares of Monster Beverage by 76.1% during the 1st quarter. Sei Investments Co. now owns 37,492 shares of the company's stock valued at $2,997,000 after acquiring an additional 16,206 shares during the last quarter. Finally, Aviva PLC grew its holdings in shares of Monster Beverage by 91.4% in the first quarter. Aviva PLC now owns 114,297 shares of the company's stock valued at $9,132,000 after purchasing an additional 54,586 shares in the last quarter. Institutional investors own 72.36% of the company's stock.

Monster Beverage Trading Down 0.8 %

Shares of Monster Beverage stock traded down $0.44 on Wednesday, hitting $54.25. 5,931,312 shares of the company traded hands, compared to its average volume of 5,306,420. The company has a market cap of $56.45 billion, a PE ratio of 35.00, a PEG ratio of 2.09 and a beta of 0.72. The stock's 50 day moving average price is $57.30 and its 200-day moving average price is $55.50. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting analysts' consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the company posted $0.28 EPS. Monster Beverage's revenue was up 14.4% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on MNST. BMO Capital Markets increased their price objective on shares of Monster Beverage from $57.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, January 17th. Redburn Atlantic started coverage on shares of Monster Beverage in a report on Wednesday, March 6th. They issued a "buy" rating for the company. JPMorgan Chase & Co. boosted their price objective on Monster Beverage from $61.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 17th. The Goldman Sachs Group upped their price objective on Monster Beverage from $62.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. Finally, UBS Group lifted their target price on Monster Beverage from $62.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $63.11.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now owns 777,840 shares of the company's stock, valued at approximately $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by corporate 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.