SVB Wealth LLC Acquires New Shares in Monster Beverage Co. (NASDAQ:MNST)

SVB Wealth LLC bought a new stake in shares of Monster Beverage Co. (NASDAQ:MNST) during the fourth quarter, Holdings Channel.com reports. The fund bought 73,045 shares of the company’s stock, valued at approximately $3,839,000.

Several other institutional investors have also recently made changes to their positions in MNST. Janus Henderson Group PLC raised its stake in shares of Monster Beverage by 109.3% during 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 purchasing an additional 11,779,162 shares during the period. Montrusco Bolton Investments Inc. boosted its stake in Monster Beverage by 250.9% in the 4th quarter. Montrusco Bolton Investments Inc. now owns 3,468,660 shares of the company’s stock worth $178,801,000 after purchasing an additional 2,480,291 shares during the period. State Street Corp grew its holdings in Monster Beverage by 6.9% during 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 in the last quarter. Holocene Advisors LP bought a new stake in shares of Monster Beverage during the third quarter valued at about $73,600,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of Monster Beverage by 4.7% in the third quarter. Loomis Sayles & Co. L P now owns 27,142,970 shares of the company’s stock valued at $1,416,048,000 after acquiring an additional 1,229,789 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 5.3 %

Shares of NASDAQ:MNST opened at $54.65 on Friday. The stock has a market capitalization of $53.15 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.74. The stock’s 50-day moving average price is $50.27 and its 200-day moving average price is $51.18. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced 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 analysts’ expectations of $1.80 billion. On average, equities analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MNST. Wells Fargo & Company upped their target price 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. Morgan Stanley upped their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Monster Beverage in a research note on Friday. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Finally, Argus lifted their price target on Monster Beverage from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.26.

Insider Buying and Selling

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the sale, the chief financial officer now owns 74,924 shares of the company’s stock, valued at $3,944,748.60. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by insiders.

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.