Vinva Investment Management Ltd Acquires 17,886 Shares of Monster Beverage Co. (NASDAQ:MNST)

Vinva Investment Management Ltd boosted its holdings in Monster Beverage Co. (NASDAQ:MNST) by 41.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,136 shares of the company’s stock after acquiring an additional 17,886 shares during the period. Vinva Investment Management Ltd’s holdings in Monster Beverage were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in 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 in the last quarter. Loomis Sayles & Co. L P grew its holdings 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 grew its holdings in 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 in the last quarter. Geode Capital Management LLC grew its holdings in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Monster Beverage by 3.7% in 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 buying an additional 143,871 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $56.82 on Thursday. The stock has a market cap of $55.29 billion, a PE ratio of 36.42, a P/E/G ratio of 2.28 and a beta of 0.71. 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 business’s 50-day moving average price is $51.10 and its two-hundred day moving average price is $51.96. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $60.82.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). The firm had revenue of $1.81 billion for 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%. As a group, analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Monster Beverage in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft upped their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and issued a $59.00 price target on shares of Monster Beverage in a research report on Wednesday, January 22nd. Finally, UBS Group raised their price target on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.83.

Insider Transactions at Monster Beverage

In other news, Director Mark J. Hall sold 12,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the sale, the director now directly owns 296,846 shares in the company, valued at approximately $16,178,107. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.27, for a total value of $552,700.00. Following the completion of the transaction, the chief financial officer now directly owns 72,273 shares in the company, valued at approximately $3,994,528.71. This represents a 12.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. Insiders own 7.80% of the company’s stock.

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.