Checchi Capital Advisers LLC Sells 445 Shares of Monster Beverage Co. (NASDAQ:MNST)

Checchi Capital Advisers LLC lowered its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 4.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,875 shares of the company’s stock after selling 445 shares during the period. Checchi Capital Advisers LLC’s holdings in Monster Beverage were worth $466,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Monster Beverage by 6.9% during the third quarter. State Street Corp now owns 33,742,390 shares of the company’s stock valued at $1,760,341,000 after purchasing an additional 2,168,379 shares during the period. Loomis Sayles & Co. L P increased its position in 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 in the last quarter. Janus Henderson Group PLC raised its stake in Monster Beverage by 109.3% during the 3rd quarter. Janus Henderson Group PLC now owns 22,559,092 shares of the company’s stock worth $1,176,913,000 after buying an additional 11,779,162 shares during the period. Geode Capital Management LLC boosted its holdings in Monster Beverage by 3.1% in the third quarter. Geode Capital Management LLC now owns 15,728,086 shares of the company’s stock worth $817,490,000 after acquiring an additional 473,418 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Monster Beverage by 18.1% in the third quarter. Wellington Management Group LLP now owns 3,898,127 shares of the company’s stock valued at $203,365,000 after acquiring an additional 596,078 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Trading Up 0.5 %

NASDAQ MNST opened at $51.92 on Friday. The business’s fifty day moving average is $50.21 and its 200-day moving average is $51.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market capitalization of $50.49 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 2.28 and a beta of 0.74. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Equities research analysts predict that Monster Beverage Co. will post 1.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MNST. Argus upped their target price on Monster Beverage from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, UBS Group cut their price target on Monster Beverage from $57.00 to $53.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage has a consensus rating of “Hold” and an average price target of $55.53.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $52.65, for a total transaction of $526,500.00. Following the completion of the transaction, the chief financial officer now directly owns 74,924 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 7.80% of the stock is currently owned by insiders.

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.