Monster Beverage Co. (NASDAQ:MNST) Stock Holdings Trimmed by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Monster Beverage Co. (NASDAQ:MNST) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,947,211 shares of the company’s stock after selling 9,619 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.19% of Monster Beverage worth $112,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MNST. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Monster Beverage by 8.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock valued at $1,017,000 after purchasing an additional 1,482 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Monster Beverage by 112.2% during the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock valued at $10,339,000 after purchasing an additional 103,271 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $7,340,000. Defender Capital LLC. boosted its position in shares of Monster Beverage by 30.2% during the fourth quarter. Defender Capital LLC. now owns 371,077 shares of the company’s stock worth $21,378,000 after buying an additional 86,050 shares during the period. Finally, Marshall Financial Group LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth approximately $1,848,000. 72.36% of the stock is owned by institutional investors.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction on 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 completion of the sale, the director now owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.40% of the stock is currently owned by insiders.

Monster Beverage Stock Up 1.1 %

Shares of Monster Beverage stock opened at $54.69 on Wednesday. The stock has a market cap of $56.91 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.12 and a beta of 0.72. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The business has a fifty day simple moving average of $57.34 and a 200-day simple moving average of $55.51.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. Analysts expect that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their price objective on Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Jefferies Financial Group boosted their price objective on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Morgan Stanley boosted their price objective on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, HSBC reduced their price objective on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.11.

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.