CIBC Private Wealth Group LLC Has $251.45 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

CIBC Private Wealth Group LLC grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 659.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,872,972 shares of the company’s stock after acquiring an additional 4,231,063 shares during the period. CIBC Private Wealth Group LLC’s holdings in Monster Beverage were worth $251,445,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MNST. Janus Henderson Group PLC lifted its position in shares of Monster Beverage by 109.3% in the third 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 last quarter. Norges Bank acquired a new stake in Monster Beverage in the 4th quarter worth approximately $442,642,000. Montrusco Bolton Investments Inc. boosted its position in Monster Beverage by 250.9% during the fourth 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 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 last quarter. Finally, Raymond James Financial Inc. acquired a new position in Monster Beverage during the fourth quarter valued at approximately $106,882,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In other news, Director Mark J. Hall sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total transaction of $654,000.00. Following the completion of the sale, the director now owns 296,846 shares of the company’s stock, valued at approximately $16,178,107. This trade represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares of the company’s stock, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 208,316 shares of company stock valued at $11,484,440 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Royal Bank of Canada restated an “outperform” rating and set a $59.00 price target on shares of Monster Beverage in a report on Wednesday, January 22nd. UBS Group lifted their price objective on Monster Beverage from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on Monster Beverage from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Finally, BNP Paribas lowered their target price on Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage has an average rating of “Hold” and a consensus price target of $55.83.

Monster Beverage Trading Down 1.2 %

Shares of MNST stock opened at $57.86 on Friday. The firm has a fifty day moving average of $52.19 and a 200-day moving average of $52.39. The stock has a market cap of $56.31 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $59.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13.

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 business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

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.