Capital Analysts LLC Has $89,000 Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Capital Analysts LLC reduced its position in Monster Beverage Co. (NASDAQ:MNST) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,546 shares of the company’s stock after selling 358 shares during the period. Capital Analysts LLC’s holdings in Monster Beverage were worth $89,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNST. Cibc World Market Inc. raised its stake in shares of Monster Beverage by 3.3% during the 1st quarter. Cibc World Market Inc. now owns 6,759 shares of the company’s stock worth $540,000 after purchasing an additional 219 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Monster Beverage by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,097,590 shares of the company’s stock worth $87,699,000 after purchasing an additional 27,858 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Monster Beverage by 7.5% during the 1st quarter. Blair William & Co. IL now owns 2,537 shares of the company’s stock worth $203,000 after purchasing an additional 177 shares in the last quarter. Sei Investments Co. raised its stake in shares of Monster Beverage by 76.1% during the 1st quarter. Sei Investments Co. now owns 37,492 shares of the company’s stock worth $2,997,000 after purchasing an additional 16,206 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Monster Beverage by 91.4% during the 1st quarter. Aviva PLC now owns 114,297 shares of the company’s stock worth $9,132,000 after purchasing an additional 54,586 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Trading Down 1.5 %

Shares of NASDAQ:MNST opened at $53.46 on Friday. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22. The firm has a market capitalization of $55.63 billion, a PE ratio of 34.49, a PEG ratio of 2.13 and a beta of 0.72. The business’s 50 day moving average is $57.24 and its 200-day moving average is $55.49.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the firm earned $0.28 EPS. Monster Beverage’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts predict that Monster Beverage Co. will post 1.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MNST shares. UBS Group raised their price target on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Citigroup raised their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Jefferies Financial Group raised their price objective on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, The Goldman Sachs Group raised their price objective on Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.11.

Insider Transactions at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.40% of the stock is owned by insiders.

About Monster Beverage

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.