Charles Schwab Investment Management Inc. Grows Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Charles Schwab Investment Management Inc. grew its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,218,467 shares of the company’s stock after purchasing an additional 89,861 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Monster Beverage were worth $243,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC increased its holdings in Monster Beverage by 65.3% in the 4th quarter. Apollon Wealth Management LLC now owns 14,712 shares of the company’s stock worth $848,000 after acquiring an additional 5,810 shares in the last quarter. Lincoln National Corp purchased a new stake in Monster Beverage in the 4th quarter worth approximately $358,000. Maryland State Retirement & Pension System increased its holdings in Monster Beverage by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 57,905 shares of the company’s stock worth $3,336,000 after acquiring an additional 1,084 shares in the last quarter. Private Advisor Group LLC increased its holdings in Monster Beverage by 10.0% in the 4th quarter. Private Advisor Group LLC now owns 31,999 shares of the company’s stock worth $1,843,000 after acquiring an additional 2,912 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Monster Beverage by 12.2% in the 4th quarter. Summit Trail Advisors LLC now owns 6,660 shares of the company’s stock worth $384,000 after acquiring an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Monster Beverage from $65.00 to $63.00 and set a “buy” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $59.00 in a research note on Thursday, April 25th. Citigroup upped their price target on Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Piper Sandler upped their price target on Monster Beverage from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group upped their price target on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $61.32.

Monster Beverage Stock Performance

MNST stock opened at $54.30 on Thursday. The firm has a fifty day moving average price of $56.78 and a 200 day moving average price of $55.92. Monster Beverage Co. has a fifty-two week low of $47.13 and a fifty-two week high of $61.22. The firm has a market cap of $56.57 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. On average, equities analysts predict that Monster Beverage Co. will post 1.79 EPS for the current 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.