Banque Cantonale Vaudoise Sells 1,209 Shares of Monster Beverage Co. (NASDAQ:MNST)

Banque Cantonale Vaudoise trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 8.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,844 shares of the company’s stock after selling 1,209 shares during the period. Banque Cantonale Vaudoise’s holdings in Monster Beverage were worth $761,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Monster Beverage by 5.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after buying an additional 196 shares in the last quarter. PFG Investments LLC grew its stake in shares of Monster Beverage by 2.6% during the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after acquiring an additional 199 shares during the period. CENTRAL TRUST Co increased its holdings in Monster Beverage by 3.7% in the 4th quarter. CENTRAL TRUST Co now owns 5,908 shares of the company’s stock worth $340,000 after acquiring an additional 213 shares in the last quarter. Savant Capital LLC raised its stake in Monster Beverage by 4.6% during the 4th quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock worth $300,000 after acquiring an additional 227 shares during the period. Finally, Fulton Bank N.A. boosted its position in shares of Monster Beverage by 1.2% in the first quarter. Fulton Bank N.A. now owns 20,892 shares of the company’s stock worth $1,238,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.8 %

Shares of NASDAQ:MNST opened at $49.09 on Friday. Monster Beverage Co. has a 12 month low of $47.13 and a 12 month high of $61.22. The company has a market capitalization of $51.14 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 1.93 and a beta of 0.76. The firm’s 50-day moving average is $52.63 and its 200 day moving average is $55.45.

Monster Beverage (NASDAQ:MNST) last issued 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). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. Monster Beverage’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. As a group, equities analysts forecast that Monster Beverage Co. will post 1.76 EPS for the current fiscal year.

Insider Activity

In related news, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total value of $13,055,000.00. Following the transaction, the director now owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of Monster Beverage stock in a transaction on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the sale, the director now owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 307,221 shares of company stock valued at $16,070,374. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MNST. HSBC lowered their price target on Monster Beverage from $72.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, March 6th. Morgan Stanley reduced their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Stifel Nicolaus dropped their price objective on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a report on Monday, June 17th. Truist Financial cut Monster Beverage from a “buy” rating to a “sell” rating and reduced their target price for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. Finally, BMO Capital Markets dropped their price target on Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $60.79.

Monster Beverage Company 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.