Monster Beverage Corporation $MNST Stock Holdings Reduced by Capital International Inc. CA

Capital International Inc. CA reduced its position in Monster Beverage Corporation (NASDAQ:MNST) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,339 shares of the company’s stock after selling 24,184 shares during the period. Capital International Inc. CA’s holdings in Monster Beverage were worth $7,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its stake in shares of Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after buying an additional 146 shares in the last quarter. D.A. Davidson & CO. raised its position in Monster Beverage by 4.1% during the third quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock valued at $265,000 after acquiring an additional 155 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Monster Beverage by 3.2% in the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after acquiring an additional 161 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Monster Beverage by 13.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock valued at $93,000 after acquiring an additional 176 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co grew its position in Monster Beverage by 1.9% in the third quarter. Meiji Yasuda Life Insurance Co now owns 10,489 shares of the company’s stock worth $706,000 after acquiring an additional 194 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the transaction, the insider directly owned 63,939 shares in the company, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The SEC filing for this sale provides additional information. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 1.3%

NASDAQ:MNST opened at $76.70 on Wednesday. The firm has a market capitalization of $74.94 billion, a PE ratio of 39.54, a PEG ratio of 2.45 and a beta of 0.44. Monster Beverage Corporation has a 1 year low of $54.00 and a 1 year high of $87.38. The firm’s fifty day simple moving average is $80.13 and its 200 day simple moving average is $73.20.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s revenue was up 17.6% on a year-over-year basis. As a group, analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MNST. Wall Street Zen lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $73.00 price objective (up from $53.00) on shares of Monster Beverage in a report on Wednesday, December 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a research report on Monday, December 29th. Roth Mkm restated a “neutral” rating and set a $70.00 target price on shares of Monster Beverage in a report on Wednesday, December 3rd. Finally, BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.