Banque Cantonale Vaudoise trimmed its position in Monster Beverage Co. (NASDAQ:MNST – Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,844 shares of the company’s stock after selling 1,209 shares during the period. Banque Cantonale Vaudoise’s holdings in Monster Beverage were worth $761,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Monster Beverage during the third quarter worth about $176,000. LPL Financial LLC increased its position in shares of Monster Beverage by 12.2% in the third quarter. LPL Financial LLC now owns 676,024 shares of the company’s stock worth $35,770,000 after purchasing an additional 73,669 shares during the last quarter. Mariner LLC raised its stake in Monster Beverage by 1.9% in the third quarter. Mariner LLC now owns 146,399 shares of the company’s stock valued at $7,752,000 after purchasing an additional 2,703 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Monster Beverage by 225.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,236 shares of the company’s stock valued at $224,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Monster Beverage by 106.6% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,611 shares of the company’s stock worth $827,000 after buying an additional 8,055 shares in the last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MNST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $66.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $65.00 price target on shares of Monster Beverage in a research note on Friday, June 14th. UBS Group reduced their price objective on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Jefferies Financial Group boosted their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Truist Financial cut shares of Monster Beverage from a “buy” rating to a “sell” rating and cut their price target for the company from $65.00 to $46.00 in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.79.
Get Our Latest Research Report on MNSTInsider Activity at Monster Beverage
In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the completion of the sale, the chief executive officer now directly owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Mark Vidergauz sold 15,077 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the transaction, the director now owns 68,167 shares in the company, valued at approximately $3,534,458.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock worth $16,070,374 over the last quarter. Company insiders own 7.80% of the company’s stock.
Monster Beverage Price Performance
Shares of NASDAQ:MNST opened at $49.09 on Friday. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $61.22. The company has a market cap of $51.14 billion, a P/E ratio of 30.87, a PEG ratio of 1.93 and a beta of 0.76. The stock’s fifty day moving average price is $52.63 and its 200-day moving average price is $55.45.
Monster Beverage (NASDAQ:MNST – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company posted $0.38 EPS. Monster Beverage’s revenue was up 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that Monster Beverage Co. will post 1.76 earnings per share 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.
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