TD Asset Management Inc Has $223.94 Million Holdings in Monster Beverage Co. (NASDAQ:MNST)

TD Asset Management Inc decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,483,202 shares of the company’s stock after selling 45,561 shares during the quarter. TD Asset Management Inc owned approximately 0.43% of Monster Beverage worth $223,936,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MNST. Vanguard Group Inc. increased its holdings in Monster Beverage by 1.7% in the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock valued at $3,837,867,000 after purchasing an additional 1,059,042 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Monster Beverage by 0.3% during the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock worth $691,182,000 after acquiring an additional 37,391 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Monster Beverage by 4.1% during the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock worth $664,469,000 after acquiring an additional 440,962 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock valued at $603,659,000 after purchasing an additional 3,026,657 shares during the period. Finally, Norges Bank acquired a new stake in Monster Beverage in the 4th quarter valued at approximately $517,035,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Monster Beverage from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. BNP Paribas started coverage on shares of Monster Beverage in a research note on Monday, June 24th. They set an “underperform” rating and a $48.00 price objective on the stock. Evercore ISI dropped their price objective on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley reduced their target price on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Finally, Stifel Nicolaus decreased their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average price target of $55.85.

Insider Buying and Selling

In related news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the sale, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the transaction, the chief executive officer now directly owns 1,875,558 shares in the company, valued at $99,404,574. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock valued at $16,070,374 over the last ninety days. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Down 1.0 %

MNST stock opened at $47.88 on Thursday. The stock has a market capitalization of $49.88 billion, a P/E ratio of 30.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $48.98 and a 200-day moving average price of $52.73. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, equities research analysts anticipate that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.