Chilton Investment Co. LLC raised its stake in Monster Beverage Co. (NASDAQ:MNST) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912,452 shares of the company’s stock after buying an additional 86,259 shares during the period. Monster Beverage accounts for 2.2% of Chilton Investment Co. LLC’s holdings, making the stock its 20th largest holding. Chilton Investment Co. LLC’s holdings in Monster Beverage were worth $57,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of MNST. Jennison Associates LLC lifted its holdings in shares of Monster Beverage by 8.9% during the fourth quarter. Jennison Associates LLC now owns 13,126,248 shares of the company’s stock worth $830,760,000 after purchasing an additional 1,072,773 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Monster Beverage by 19.7% during the third quarter. Bank of New York Mellon Corp now owns 6,132,325 shares of the company’s stock worth $338,810,000 after purchasing an additional 1,008,607 shares during the period. Alyeska Investment Group L.P. lifted its holdings in shares of Monster Beverage by 163.6% during the third quarter. Alyeska Investment Group L.P. now owns 1,173,475 shares of the company’s stock worth $64,834,000 after purchasing an additional 728,295 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Monster Beverage by 239.0% during the third quarter. WINTON GROUP Ltd now owns 614,794 shares of the company’s stock worth $33,967,000 after purchasing an additional 433,465 shares during the period. Finally, Engadine Partners LLP acquired a new position in shares of Monster Beverage during the fourth quarter worth $24,266,000. Hedge funds and other institutional investors own 66.04% of the company’s stock.
In other Monster Beverage news, Chairman Rodney C. Sacks sold 898 shares of Monster Beverage stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total value of $57,929.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rodney C. Sacks sold 697 shares of Monster Beverage stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $64.51, for a total transaction of $44,963.47. Following the completion of the sale, the chief executive officer now directly owns 963,789 shares of the company’s stock, valued at $62,174,028.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,026 shares of company stock valued at $17,179,867. Insiders own 9.40% of the company’s stock.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The business had revenue of $909.50 million for the quarter, compared to analyst estimates of $903.82 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. Monster Beverage’s revenue for the quarter was up 15.4% on a year-over-year basis. equities research analysts forecast that Monster Beverage Co. will post 1.48 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on MNST shares. Jefferies Group reiterated a “buy” rating and set a $64.00 price target on shares of Monster Beverage in a report on Thursday, November 9th. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price target on shares of Monster Beverage in a report on Thursday, November 2nd. Cowen restated a “buy” rating and issued a $58.00 target price on shares of Monster Beverage in a report on Friday, October 27th. Citigroup set a $60.00 target price on shares of Monster Beverage and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $61.00 target price (up previously from $57.00) on shares of Monster Beverage in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $64.41.
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Monster Beverage Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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