Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Monster Beverage Co. (NASDAQ:MNST – Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,557 shares of the company’s stock after buying an additional 538 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Monster Beverage were worth $4,122,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of Monster Beverage by 7.9% in the 3rd quarter. CWM LLC now owns 13,220 shares of the company’s stock worth $700,000 after buying an additional 965 shares during the last quarter. Global Retirement Partners LLC raised its stake in Monster Beverage by 28.6% in the third quarter. Global Retirement Partners LLC now owns 7,573 shares of the company’s stock valued at $396,000 after purchasing an additional 1,683 shares in the last quarter. HB Wealth Management LLC lifted its position in Monster Beverage by 42.4% during the third quarter. HB Wealth Management LLC now owns 10,149 shares of the company’s stock valued at $537,000 after purchasing an additional 3,020 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Monster Beverage by 14.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,945 shares of the company’s stock worth $315,000 after buying an additional 729 shares in the last quarter. Finally, KFG Wealth Management LLC increased its holdings in shares of Monster Beverage by 15.2% in the 3rd quarter. KFG Wealth Management LLC now owns 7,412 shares of the company’s stock worth $392,000 after buying an additional 978 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.
Insider Transactions at Monster Beverage
In related news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 9.40% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on MNST
Monster Beverage Stock Performance
MNST opened at $53.60 on Tuesday. The stock has a market capitalization of $55.78 billion, a PE ratio of 34.58, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The stock’s 50 day moving average price is $57.14 and its 200-day moving average price is $55.57. 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 quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts forecast that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.
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.
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