Monster Beverage Co. (NASDAQ:MNST) Stock Holdings Lessened by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Monster Beverage Co. (NASDAQ:MNST) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 353,687 shares of the company’s stock after selling 1,641 shares during the period. Calamos Advisors LLC’s holdings in Monster Beverage were worth $20,376,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Freedom Wealth Alliance LLC acquired a new stake in Monster Beverage during the 4th quarter valued at $25,000. Peoples Bank KS acquired a new stake in Monster Beverage during the 3rd quarter valued at $26,000. Resurgent Financial Advisors LLC acquired a new stake in Monster Beverage during the 4th quarter valued at $26,000. Ancora Advisors LLC acquired a new position in shares of Monster Beverage in the first quarter worth $27,000. Finally, Quarry LP increased its stake in shares of Monster Beverage by 276.1% in the first quarter. Quarry LP now owns 504 shares of the company’s stock worth $27,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Redburn Atlantic initiated coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They issued a “buy” rating on the stock. Jefferies Financial Group upped their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, BMO Capital Markets upped their price objective on shares of Monster Beverage from $57.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, January 17th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $63.11.

Monster Beverage Stock Performance

Shares of MNST traded down $0.43 during trading hours on Friday, reaching $53.03. 875,593 shares of the company traded hands, compared to its average volume of 5,238,359. The stock’s fifty day moving average is $57.24 and its 200 day moving average is $55.49. The stock has a market cap of $55.19 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.11 and a beta of 0.72. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22.

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

Insider Buying and Selling

In related news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the transaction, the director now owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.40% of the company’s stock.

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.