Dimensional Fund Advisors LP Has $94.38 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Dimensional Fund Advisors LP increased its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,638,263 shares of the company's stock after acquiring an additional 18,048 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.16% of Monster Beverage worth $94,378,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headinvest LLC purchased a new stake in Monster Beverage during the third quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Monster Beverage in the 3rd quarter valued at approximately $31,000. Catalyst Capital Advisors LLC grew its position in Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company's stock worth $41,000 after purchasing an additional 199 shares in the last quarter. Quent Capital LLC grew its position in Monster Beverage by 40.8% during the 4th quarter. Quent Capital LLC now owns 1,180 shares of the company's stock worth $68,000 after purchasing an additional 342 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Monster Beverage during the 3rd quarter valued at $87,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares of the company's stock, valued at $45,542,532. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MNST shares. JPMorgan Chase & Co. downgraded Monster Beverage from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $59.00 in a report on Thursday, April 25th. Stifel Nicolaus dropped their target price on Monster Beverage from $65.00 to $63.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Piper Sandler increased their price target on shares of Monster Beverage from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price objective on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. Finally, Morgan Stanley cut their target price on shares of Monster Beverage from $68.00 to $65.00 and set an "overweight" rating for the company in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.32.

Monster Beverage Stock Down 0.9 %

Shares of NASDAQ:MNST traded down $0.46 during trading on Thursday, reaching $52.64. The stock had a trading volume of 5,746,821 shares, compared to its average volume of 5,620,601. The stock has a fifty day simple moving average of $55.78 and a two-hundred day simple moving average of $56.12. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The firm has a market capitalization of $54.84 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 2.23 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the business earned $0.38 EPS. The business's quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts forecast that Monster Beverage Co. will post 1.77 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.