Headlands Technologies LLC Acquires Shares of 56,899 Monster Beverage Co. (NASDAQ:MNST)

Headlands Technologies LLC bought a new position in shares of Monster Beverage Co. (NASDAQ:MNST) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,899 shares of the company’s stock, valued at approximately $2,991,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC acquired a new stake in Monster Beverage during the 4th quarter worth approximately $3,973,000. Geode Capital Management LLC lifted its holdings in shares of Monster Beverage by 8.8% during the fourth quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company’s stock worth $897,012,000 after purchasing an additional 1,383,914 shares during the period. Diametric Capital LP purchased a new position in Monster Beverage in the 4th quarter valued at $206,000. National Wealth Management Group LLC increased its stake in Monster Beverage by 16.8% in the 4th quarter. National Wealth Management Group LLC now owns 16,384 shares of the company’s stock valued at $861,000 after buying an additional 2,359 shares during the period. Finally, National Bank of Canada FI raised its position in Monster Beverage by 3.8% during the 4th quarter. National Bank of Canada FI now owns 564,737 shares of the company’s stock worth $29,686,000 after buying an additional 20,815 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Up 1.1 %

NASDAQ:MNST opened at $58.52 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market capitalization of $56.95 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a one year low of $43.32 and a one year high of $59.56. The stock has a 50-day simple moving average of $52.37 and a 200 day simple moving average of $52.47.

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

Analyst Upgrades and Downgrades

MNST has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. Morgan Stanley lifted their price target on Monster Beverage from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $51.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.83.

Insider Activity

In other Monster Beverage news, Director Mark J. Hall sold 48,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $54.89, for a total value of $2,634,720.00. Following the sale, the director now owns 296,846 shares in the company, valued at approximately $16,293,876.94. This trade represents a 13.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 208,316 shares of company stock valued at $11,484,440. 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.