FDx Advisors Inc. Sells 20,195 Shares of Monster Beverage Co. (NASDAQ:MNST)

FDx Advisors Inc. lessened its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 78.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,414 shares of the company’s stock after selling 20,195 shares during the period. FDx Advisors Inc.’s holdings in Monster Beverage were worth $321,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Monster Beverage during the fourth quarter worth about $517,035,000. Wellington Management Group LLP grew its holdings in Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock valued at $1,033,323,000 after buying an additional 3,296,466 shares in the last quarter. Capital Research Global Investors grew its holdings in Monster Beverage by 40.6% during the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock valued at $603,659,000 after buying an additional 3,026,657 shares in the last quarter. TD Asset Management Inc grew its holdings in Monster Beverage by 143.8% during the 4th quarter. TD Asset Management Inc now owns 3,209,873 shares of the company’s stock valued at $184,921,000 after buying an additional 1,893,064 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in Monster Beverage by 85.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,114,288 shares of the company’s stock valued at $121,804,000 after buying an additional 974,610 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Monster Beverage from $66.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Wells Fargo & Company decreased their price target on Monster Beverage from $65.00 to $59.00 and set an “overweight” rating for the company in a research note on Tuesday, June 25th. Morgan Stanley reduced their price objective on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $66.00 to $59.00 in a report on Thursday, April 25th. Finally, BMO Capital Markets reduced their price objective on Monster Beverage from $58.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.70.

Monster Beverage Stock Performance

MNST opened at $50.28 on Friday. Monster Beverage Co. has a one year low of $47.13 and a one year high of $61.22. The stock has a market capitalization of $52.38 billion, a PE ratio of 31.62, a P/E/G ratio of 1.98 and a beta of 0.76. The business’s 50 day moving average price is $51.54 and its 200 day moving average price is $54.93.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Monster Beverage news, 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 transaction of $781,742.45. Following the transaction, the director now directly owns 68,167 shares in the company, valued at $3,534,458.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Vidergauz sold 15,077 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares in the company, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Insiders have sold 307,221 shares of company stock worth $16,070,374 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

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.