Mutual of America Capital Management LLC Has $5.71 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Mutual of America Capital Management LLC reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,065 shares of the company’s stock after selling 5,222 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Monster Beverage were worth $5,707,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Leeward Financial Partners LLC raised its stake in Monster Beverage by 5.0% during the fourth quarter. Leeward Financial Partners LLC now owns 9,294 shares of the company’s stock worth $535,000 after acquiring an additional 446 shares in the last quarter. Executive Wealth Management LLC raised its stake in Monster Beverage by 15.0% during the fourth quarter. Executive Wealth Management LLC now owns 39,221 shares of the company’s stock worth $2,260,000 after acquiring an additional 5,107 shares in the last quarter. Vivid Wealth Management LLC acquired a new stake in shares of Monster Beverage in the fourth quarter valued at $478,000. Sather Financial Group Inc increased its stake in shares of Monster Beverage by 1.3% in the fourth quarter. Sather Financial Group Inc now owns 801,409 shares of the company’s stock valued at $46,169,000 after buying an additional 10,052 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Monster Beverage by 20.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 52,566 shares of the company’s stock valued at $3,028,000 after buying an additional 8,850 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.40% of the stock is currently owned by company insiders.

Monster Beverage Trading Up 0.5 %

Shares of MNST opened at $55.01 on Friday. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The stock has a market cap of $57.25 billion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.11 and a beta of 0.72. The stock’s 50-day moving average price is $57.40 and its two-hundred day moving average price is $55.48.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the business earned $0.28 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. As a group, equities analysts forecast that Monster Beverage Co. will post 1.81 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MNST. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. UBS Group raised their target price on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Royal Bank of Canada raised their target price on Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Redburn Atlantic began coverage on Monster Beverage in a research note on Wednesday, March 6th. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.