Lindbrook Capital LLC Has $122,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Lindbrook Capital LLC increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,314 shares of the company’s stock after buying an additional 249 shares during the quarter. Lindbrook Capital LLC’s holdings in Monster Beverage were worth $122,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Monster Beverage by 6.9% in the 3rd quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after buying an additional 2,168,379 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Monster Beverage by 4.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after buying an additional 1,229,789 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Monster Beverage by 109.3% in the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock valued at $1,176,913,000 after buying an additional 11,779,162 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Monster Beverage by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock valued at $817,490,000 after buying an additional 473,418 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Monster Beverage by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,002,484 shares of the company’s stock valued at $210,371,000 after purchasing an additional 143,871 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In related news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares in the company, valued at approximately $3,944,748.60. This trade represents a 11.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Down 1.1 %

Shares of NASDAQ MNST opened at $55.07 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $61.22. The stock has a market capitalization of $53.56 billion, a P/E ratio of 35.30, a PEG ratio of 2.28 and a beta of 0.74. The stock’s fifty day moving average is $50.55 and its 200 day moving average is $51.44.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.38 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Sell-side analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the subject of several research reports. Stifel Nicolaus raised their price target on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group raised their price target on Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Citigroup raised their price target on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a report on Friday, February 28th. TD Cowen raised their price target on Monster Beverage from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Monster Beverage has an average rating of “Hold” and an average target price of $55.83.

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.