IFM Investors Pty Ltd grew its stake in Monster Beverage Corp (NASDAQ:MNST) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,120 shares of the company’s stock after purchasing an additional 2,012 shares during the period. IFM Investors Pty Ltd’s holdings in Monster Beverage were worth $1,426,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Berman Capital Advisors LLC purchased a new position in shares of Monster Beverage during the 4th quarter valued at approximately $33,000. Executive Wealth Management LLC purchased a new position in shares of Monster Beverage during the 4th quarter valued at approximately $35,000. Baystate Wealth Management LLC lifted its position in shares of Monster Beverage by 555.6% during the 4th quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock valued at $39,000 after buying an additional 600 shares in the last quarter. Old North State Trust LLC purchased a new position in shares of Monster Beverage during the 1st quarter valued at approximately $48,000. Finally, Rockland Trust Co. purchased a new position in shares of Monster Beverage during the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

In other Monster Beverage news, insider Emelie Tirre sold 24,762 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $62.97, for a total value of $1,559,263.14. Following the completion of the sale, the insider now directly owns 77,363 shares of the company’s stock, valued at approximately $4,871,548.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas J. Kelly sold 25,719 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $59.68, for a total value of $1,534,909.92. Following the completion of the sale, the executive vice president now directly owns 35,370 shares of the company’s stock, valued at $2,110,881.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,253 shares of company stock valued at $3,842,637. 9.70% of the stock is owned by corporate insiders.

A number of research analysts have recently issued reports on the company. BidaskClub lowered Monster Beverage from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. UBS Group set a $48.00 target price on Monster Beverage and gave the company a “sell” rating in a research report on Friday, January 18th. Zacks Investment Research lowered Monster Beverage from a “buy” rating to a “hold” rating in a research report on Thursday, March 28th. ValuEngine upgraded Monster Beverage from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Macquarie lowered Monster Beverage from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $68.00 to $53.00 in a research report on Sunday, March 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Monster Beverage currently has a consensus rating of “Hold” and an average price target of $62.09.

NASDAQ MNST opened at $55.20 on Friday. Monster Beverage Corp has a one year low of $47.61 and a one year high of $66.38. The firm has a market capitalization of $29.98 billion, a P/E ratio of 30.67, a PEG ratio of 1.93 and a beta of 1.51.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The firm had revenue of $924.23 million during the quarter, compared to the consensus estimate of $907.75 million. During the same period in the prior year, the company earned $0.35 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corp will post 2.01 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “IFM Investors Pty Ltd Buys 2,012 Shares of Monster Beverage Corp (MNST)” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/ifm-investors-pty-ltd-buys-2012-shares-of-monster-beverage-corp-mnst/2979039.html.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.

Further Reading: What is the 52-week high/low?

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corp (NASDAQ:MNST).

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

Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.