Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Crew Capital Management Ltd.

Crew Capital Management Ltd. grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,561 shares of the company’s stock after acquiring an additional 2,737 shares during the period. Monster Beverage comprises approximately 0.9% of Crew Capital Management Ltd.’s portfolio, making the stock its 26th largest position. Crew Capital Management Ltd.’s holdings in Monster Beverage were worth $1,133,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MNST. Janus Henderson Group PLC grew its stake in shares of Monster Beverage by 109.3% in the third quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after acquiring an additional 11,779,162 shares in the last quarter. Montrusco Bolton Investments Inc. grew its stake in shares of Monster Beverage by 250.9% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after acquiring an additional 2,480,291 shares in the last quarter. State Street Corp grew its stake in shares of Monster Beverage by 6.9% in the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock worth $1,760,341,000 after acquiring an additional 2,168,379 shares in the last quarter. Holocene Advisors LP acquired a new position in shares of Monster Beverage in the third quarter worth $73,600,000. Finally, Loomis Sayles & Co. L P grew its stake in shares of Monster Beverage by 4.7% during the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock worth $1,416,048,000 after purchasing an additional 1,229,789 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.6 %

Shares of Monster Beverage stock opened at $54.82 on Wednesday. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13. The company’s 50-day simple moving average is $50.39 and its 200-day simple moving average is $51.33. The firm has a market cap of $53.31 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $52.65, for a total transaction of $526,500.00. Following the transaction, the chief financial officer now directly owns 74,924 shares in the company, valued at approximately $3,944,748.60. This represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MNST. Wells Fargo & Company boosted their target price on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Stifel Nicolaus boosted their target price on shares of Monster Beverage from $57.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and a consensus price target of $56.47.

Monster Beverage 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.