Institutional investors now have $20.62 billion stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (NASDAQ:MNST) marched up 16.53% compared to a 52-week low price of $47.61. The shares were last seen trading 5.02% higher, taking the closing price at $55.48 on 06/08/2018. At recent session, the prices were hovering between $54.1 and $56.16. This company shares are 8.89% off its target price of $60.41 and the current market capitalization stands at $29.93B. The recent change has given its price a 3.93% lead over SMA 50 and -20.99% deficit over its 52-week high. The stock witnessed 12.97% gains, -4.44% declines and -12.31% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MNST’s volatility during a week at 2.45% and during a month it has been found around 2.52%.

Monster Beverage Corporation (MNST) Top Holders

Institutional investors currently hold around $20.62 billion or 66.5% in MNST stock. Look at its top three institutional owners. Fmr Llc owns $2.33 billion in Monster Beverage Corporation, which represents roughly 7.78% of the company’s market cap and approximately 11.29% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 30,615,097 shares of the stock are valued at $1.7 billion. The third largest holder is Blackrock Inc., which currently holds $1.29 billion worth of this stock and that ownership represents nearly 4.31% of its market capitalization.

Monster Beverage Corporation 13F Filings

At the end of 03/31/2018 reporting period, 273 institutional holders increased their position in Monster Beverage Corporation (NASDAQ:MNST) by some 22,660,438 shares, 300 decreased positions by 22,273,844 and 76 held positions by 326,741,875. That puts total institutional holdings at 371,676,157 shares, according to SEC filings. The stock grabbed 63 new institutional investments totaling 2,050,955 shares while 84 institutional investors sold out their entire positions totaling 4,954,682 shares.

Monster Beverage Corporation (NASDAQ:MNST) Insider Trades

Multiple company employees have indulged in significant insider trading. Monster Beverage Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Hall Mark J has sold 33,000 shares of Monster Beverage Corporation (MNST) in trading session dated Mar. 14, 2018. These shares are worth $1,917,630 and were traded at $58.11 each. The SEC filing shows that Kelly Thomas J performed a sale of 15,000 shares. The Senior VP – Monster Energy Co. disposed these shares by way of transaction on Mar. 14, 2018. The company’s shares were given away at $58.31 per share worth to an income of some $874,650 on account of Kelly Thomas J.

Director, Epstein Norman, sold 7,770 common shares of Monster Beverage Corporation (MNST) in the open market. In a transaction dated Mar. 05, 2018, the shares were put up for sale at an average price of $56.09, raking in a sum of $435,819. After this sale, 38,280 common shares of MNST are directly owned by the insider, with total stake valued at $2,123,774.

In the transaction dated Jan. 09, 2018, the great number of shares disposed came courtesy the Chairman and CEO; Sacks Rodney C disposed a total of 62,386 shares at an average price of $64.53, amounting to approximately $4,025,769. The insider now directly owns 45,850,711 shares worth $2,543,797,446.

Monster Beverage Corporation (MNST) Analyst Guide

Several analysts have released their opinion on Monster Beverage Corporation (NASDAQ:MNST), with 8 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 1 strong sell ratings, collectively assigning a 1.71 average brokerage recommendation.