Americana Partners LLC Has $732,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Americana Partners LLC raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 23.7% during the second quarter, Holdings Channel reports. The firm owned 14,654 shares of the company’s stock after buying an additional 2,811 shares during the period. Americana Partners LLC’s holdings in Monster Beverage were worth $732,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MNST. International Assets Investment Management LLC boosted its stake in Monster Beverage by 1,220.2% in the 4th quarter. International Assets Investment Management LLC now owns 36,755 shares of the company’s stock valued at $2,117,000 after buying an additional 33,971 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Monster Beverage by 377.4% in the 4th quarter. Federated Hermes Inc. now owns 16,402 shares of the company’s stock valued at $945,000 after purchasing an additional 12,966 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Monster Beverage by 8.6% in the 4th quarter. Van ECK Associates Corp now owns 116,297 shares of the company’s stock worth $6,700,000 after purchasing an additional 9,201 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Monster Beverage by 18.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 30,539 shares of the company’s stock worth $1,759,000 after purchasing an additional 4,681 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in Monster Beverage by 4.6% during the 4th quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock valued at $300,000 after purchasing an additional 227 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MNST shares. Stifel Nicolaus decreased their price objective on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. JPMorgan Chase & Co. decreased their price target on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. UBS Group dropped their price target on Monster Beverage from $55.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. BMO Capital Markets reduced their price objective on Monster Beverage from $56.00 to $54.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Finally, Roth Mkm decreased their target price on Monster Beverage from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.85.

Monster Beverage Price Performance

Shares of MNST stock opened at $47.13 on Friday. The firm’s 50 day moving average price is $49.10 and its two-hundred day moving average price is $52.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.69 and a current ratio of 3.41. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The stock has a market cap of $46.17 billion, a PE ratio of 29.64, a PEG ratio of 2.18 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, analysts forecast that Monster Beverage Co. will post 1.66 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction dated 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 directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 307,221 shares of company stock worth $16,070,374. Insiders own 7.80% of the company’s stock.

Monster Beverage 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.