Lmcg Investments LLC Reduces Stock Holdings in Monster Beverage Corporation $MNST

Lmcg Investments LLC cut its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 36.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 16,119 shares of the company’s stock after selling 9,190 shares during the period. Lmcg Investments LLC’s holdings in Monster Beverage were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Advisory Group Advisory Services LLC raised its stake in shares of Monster Beverage by 2.8% during the fourth quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock valued at $371,000 after purchasing an additional 133 shares during the period. Williams Jones Wealth Management LLC. lifted its position in shares of Monster Beverage by 2.2% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock worth $470,000 after purchasing an additional 134 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Monster Beverage by 2.8% in the first quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock valued at $361,000 after purchasing an additional 137 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Monster Beverage by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares during the period. Finally, Earned Wealth Advisors LLC grew its holdings in Monster Beverage by 3.8% during the 4th quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock valued at $320,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $97.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised their target price on Monster Beverage from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus cut their price target on Monster Beverage from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley set a $103.00 price target on Monster Beverage and gave the stock an “overweight” rating in a research note on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.95.

Insider Transactions at Monster Beverage

In other news, CEO Guy Carling sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $90.90, for a total value of $1,727,100.00. Following the completion of the sale, the chief executive officer directly owned 21,863 shares in the company, valued at approximately $1,987,346.70. The trade was a 46.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark J. Hall sold 54,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $85.81, for a total value of $4,633,740.00. Following the sale, the director directly owned 299,246 shares in the company, valued at approximately $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is currently owned by corporate insiders.

Trending Headlines about Monster Beverage

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Monster Beverage announced a 2-for-1 stock split in the form of a 100% stock dividend, with record date set for July 24 and the split-adjusted shares expected to begin trading on August 11. Stock splits often boost investor interest and improve trading liquidity. Monster Beverage Declares Two-for-One Stock Split
• Positive Sentiment: Wells Fargo raised its price target on Monster Beverage to $105 from $97 and kept an overweight rating, signaling confidence in further upside. Wells Fargo price target hike
• Positive Sentiment: Royal Bank of Canada increased its target to $97 from $88 and maintained an outperform rating, adding to bullish sentiment around the stock. RBC price target hike
• Neutral Sentiment: TD Cowen also lifted its price target to $95 from $90, but kept a hold rating, suggesting limited near-term upside from its view. TD Cowen price target hike

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $95.15 on Thursday. Monster Beverage Corporation has a 1 year low of $58.09 and a 1 year high of $99.15. The firm’s 50-day simple moving average is $89.22 and its 200-day simple moving average is $81.91. The firm has a market cap of $93.06 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.19 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage announced that its Board of Directors has authorized a share buyback program on Friday, May 15th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 0.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.