Parkside Financial Bank & Trust Has $109,000 Holdings in Monster Beverage Co. (NASDAQ:MNST)

Parkside Financial Bank & Trust decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 12.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,886 shares of the company’s stock after selling 256 shares during the period. Parkside Financial Bank & Trust’s holdings in Monster Beverage were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in MNST. Peoples Bank KS acquired a new stake in Monster Beverage during the 3rd quarter valued at $26,000. Headinvest LLC bought a new position in Monster Beverage during the 3rd quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Monster Beverage during the 3rd quarter worth $31,000. Catalyst Capital Advisors LLC increased its position in Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after buying an additional 199 shares during the period. Finally, DT Investment Partners LLC bought a new position in Monster Beverage during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Down 2.2 %

Shares of MNST stock opened at $53.15 on Friday. The business’s 50-day moving average price is $57.00 and its 200-day moving average price is $55.57. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The firm has a market capitalization of $55.31 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.22 and a beta of 0.72.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley increased their price objective on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Jefferies Financial Group increased their price objective on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. HSBC lowered their price objective on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. UBS Group increased their price objective on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.79.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction that occurred 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 transaction, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.