Monster Beverage Co. (NASDAQ:MNST) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in Monster Beverage Co. (NASDAQ:MNST) by 315.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,885 shares of the company’s stock after acquiring an additional 60,675 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Monster Beverage were worth $4,602,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in shares of Monster Beverage in the 3rd quarter valued at about $26,000. Headinvest LLC purchased a new position in Monster Beverage in the third quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Monster Beverage during the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC increased its position in shares of Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares during the last quarter. Finally, DT Investment Partners LLC acquired a new stake in shares of Monster Beverage in the 3rd quarter valued at $53,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a report on Wednesday, January 17th. Citigroup increased their price target on shares of Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley upped their target price on shares of Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Royal Bank of Canada increased their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $63.11.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.40% of the stock is owned by insiders.

Monster Beverage Stock Up 1.1 %

Shares of Monster Beverage stock traded up $0.60 during trading on Wednesday, reaching $54.33. The company’s stock had a trading volume of 6,943,589 shares, compared to its average volume of 5,377,882. The business has a 50 day moving average price of $57.06 and a 200-day moving average price of $55.59. The company has a market capitalization of $56.54 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.19 and a beta of 0.72. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Research analysts predict that Monster Beverage Co. will post 1.81 EPS for the current fiscal year.

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.