Monster Beverage Co. (NASDAQ:MNST) Holdings Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in Monster Beverage Co. (NASDAQ:MNST) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 924,077 shares of the company’s stock after selling 632,960 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Monster Beverage were worth $53,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Monster Beverage during the third quarter valued at approximately $26,000. Headinvest LLC acquired a new position in shares of Monster Beverage during the 3rd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Monster Beverage in the 3rd quarter worth $31,000. Catalyst Capital Advisors LLC lifted its holdings in shares of Monster Beverage by 34.6% in the third quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $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 third quarter valued at about $53,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Truist Financial downgraded shares of Monster Beverage from a “buy” rating to a “sell” rating and dropped their target price for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. HSBC decreased their target price on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Jefferies Financial Group upped their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Redburn Atlantic started coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus lowered their price target on Monster Beverage from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.32.

Monster Beverage Stock Up 3.0 %

Shares of NASDAQ:MNST traded up $1.61 during trading on Friday, reaching $55.00. The stock had a trading volume of 12,204,284 shares, compared to its average volume of 5,490,875. The stock has a fifty day simple moving average of $56.84 and a two-hundred day simple moving average of $55.73. The firm has a market capitalization of $57.29 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.19 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that Monster Beverage Co. will post 1.8 EPS for the current year.

Insider Activity

In other news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.40% of the stock is owned by company insiders.

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.