AlphaCrest Capital Management LLC Sells 51,715 Shares of Monster Beverage Co. (NASDAQ:MNST)

AlphaCrest Capital Management LLC lowered its position in Monster Beverage Co. (NASDAQ:MNSTGet Rating) by 82.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,382 shares of the company’s stock after selling 51,715 shares during the period. AlphaCrest Capital Management LLC’s holdings in Monster Beverage were worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arbor Capital Management Inc. ADV bought a new stake in shares of Monster Beverage in the fourth quarter worth $1,613,000. Saturna Capital CORP grew its holdings in shares of Monster Beverage by 6.7% in the fourth quarter. Saturna Capital CORP now owns 32,391 shares of the company’s stock worth $3,111,000 after acquiring an additional 2,041 shares during the period. UMB Bank N A MO bought a new stake in shares of Monster Beverage in the fourth quarter worth $198,000. We Are One Seven LLC grew its holdings in shares of Monster Beverage by 11.4% in the fourth quarter. We Are One Seven LLC now owns 4,224 shares of the company’s stock worth $406,000 after acquiring an additional 432 shares during the period. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of Monster Beverage in the fourth quarter worth $251,000. 63.44% of the stock is owned by institutional investors.

NASDAQ:MNST opened at $88.89 on Friday. The company has a market capitalization of $47.08 billion, a P/E ratio of 35.13, a P/E/G ratio of 2.00 and a beta of 1.01. Monster Beverage Co. has a 12 month low of $71.78 and a 12 month high of $99.89. The business’s 50-day moving average is $81.91 and its 200 day moving average is $85.93.

Monster Beverage (NASDAQ:MNSTGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.06). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Monster Beverage had a return on equity of 21.21% and a net margin of 23.32%. Monster Beverage’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities research analysts predict that Monster Beverage Co. will post 2.68 earnings per share for the current year.

Several research firms have issued reports on MNST. Citigroup cut their price target on Monster Beverage from $110.00 to $98.00 and set a “buy” rating for the company in a report on Friday, February 25th. Credit Suisse Group cut their price target on Monster Beverage from $119.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, February 18th. Zacks Investment Research raised Monster Beverage from a “sell” rating to a “hold” rating and set a $92.00 price target for the company in a report on Friday, April 22nd. Wells Fargo & Company cut their price target on Monster Beverage from $108.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, February 16th. Finally, Cowen cut their price target on Monster Beverage from $92.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, February 25th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $98.58.

Monster Beverage Company Profile (Get Rating)

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, and Other. It offers carbonated energy drinks, non-carbonated, ready-to-drink iced teas, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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