Moody National Bank Trust Division Sells 9,685 Shares of Monster Beverage Corporation $MNST

Moody National Bank Trust Division decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,723 shares of the company’s stock after selling 9,685 shares during the quarter. Moody National Bank Trust Division’s holdings in Monster Beverage were worth $1,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in shares of Monster Beverage by 222.4% during the third quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock worth $3,385,000 after buying an additional 34,697 shares during the last quarter. VestGen Advisors LLC lifted its stake in shares of Monster Beverage by 449.4% in the 2nd quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after acquiring an additional 17,974 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Monster Beverage by 87.8% in the 3rd quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock valued at $2,163,000 after acquiring an additional 15,029 shares during the last quarter. ABN AMRO Bank N.V. acquired a new stake in shares of Monster Beverage during the 3rd quarter valued at $59,170,000. Finally, Inscription Capital LLC boosted its holdings in shares of Monster Beverage by 130.6% during the 3rd quarter. Inscription Capital LLC now owns 25,260 shares of the company’s stock valued at $1,700,000 after acquiring an additional 14,305 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MNST shares. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a report on Wednesday, December 3rd. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research note on Friday, January 16th. Stifel Nicolaus boosted their price target on Monster Beverage from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wells Fargo & Company lowered their price objective on Monster Beverage from $94.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. Finally, Piper Sandler raised their price objective on shares of Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.95.

Monster Beverage Stock Up 0.3%

NASDAQ MNST opened at $73.21 on Thursday. The company has a market capitalization of $71.53 billion, a price-to-earnings ratio of 37.74, a PEG ratio of 2.36 and a beta of 0.44. Monster Beverage Corporation has a twelve month low of $54.73 and a twelve month high of $87.38. The stock has a fifty day simple moving average of $79.80 and a 200 day simple moving average of $74.10.

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

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.