Oregon Public Employees Retirement Fund Decreases Stake in Monster Beverage Co. (NASDAQ:MNST)

Oregon Public Employees Retirement Fund lowered its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 60,042 shares of the company’s stock after selling 310 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Monster Beverage were worth $3,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MNST. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Spire Wealth Management bought a new stake in Monster Beverage during the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC acquired a new stake in Monster Beverage in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. acquired a new stake in Monster Beverage in the fourth quarter worth approximately $33,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Monster Beverage by 16,085.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,133 shares of the company’s stock worth $59,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this link. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Stock Up 0.5 %

Shares of Monster Beverage stock opened at $51.92 on Friday. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.22. 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 stock has a 50 day moving average price of $50.21 and a two-hundred day moving average price of $51.08. The stock has a market capitalization of $50.49 billion, a P/E ratio of 33.28, a PEG ratio of 2.28 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) 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%. Equities analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MNST has been the subject of several research reports. Wells Fargo & Company raised their price objective on Monster Beverage from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Argus upped 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus upped their target price on Monster Beverage from $57.00 to $59.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.53.

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.