Deutsche Bank AG Acquires 639,549 Shares of Monster Beverage Co. (NASDAQ:MNST)

Deutsche Bank AG boosted its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 19.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,881,907 shares of the company’s stock after acquiring an additional 639,549 shares during the quarter. Deutsche Bank AG’s holdings in Monster Beverage were worth $204,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 62.5% during the fourth 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 during the period. Spire Wealth Management bought a new stake in Monster Beverage during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage during the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new position in shares of Monster Beverage in the 4th quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Monster Beverage during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 1.7 %

Shares of NASDAQ:MNST opened at $61.14 on Friday. The firm has a market cap of $59.62 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.83. The company’s fifty day simple moving average is $57.88 and its 200 day simple moving average is $53.95. The company has a quick ratio of 2.51, a current ratio of 3.13 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. As a group, research analysts forecast that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on MNST. UBS Group increased their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a report on Friday. Bank of America increased their price target on Monster Beverage from $57.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Jefferies Financial Group lifted their price objective on Monster Beverage from $68.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Morgan Stanley increased their target price on Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC restated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.17.

Insider Buying and Selling at Monster Beverage

In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $55.27, for a total value of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares in the company, valued at $3,994,528.71. This trade represents a 12.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark J. Hall sold 12,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $54.50, for a total transaction of $654,000.00. Following the transaction, the director now owns 296,846 shares of the company’s stock, valued at $16,178,107. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 208,316 shares of company stock worth $11,484,440. Corporate insiders own 7.80% of the company’s stock.

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.