Monster Beverage Co. (NASDAQ:MNST) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB reduced its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,698 shares of the company’s stock after selling 362 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Monster Beverage were worth $1,738,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its stake in Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company’s stock worth $8,101,000 after purchasing an additional 7,780 shares during the period. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Monster Beverage during the 4th quarter worth $423,000. SYM FINANCIAL Corp purchased a new position in shares of Monster Beverage in the 4th quarter worth $557,000. Empower Advisory Group LLC boosted its holdings in Monster Beverage by 6.5% in the fourth quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company’s stock valued at $66,340,000 after acquiring an additional 77,278 shares during the last quarter. Finally, Elevate Capital Advisors LLC purchased a new stake in Monster Beverage during the fourth quarter valued at about $1,624,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 0.2%

MNST stock opened at $63.64 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $59.78 and a 200-day simple moving average of $54.83. The company has a market capitalization of $62.06 billion, a P/E ratio of 40.80, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $64.45.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. On average, equities research analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 91,316 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total transaction of $5,057,080.08. Following the sale, the insider now owns 76,201 shares in the company, valued at $4,220,011.38. This represents a 54.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark J. Hall sold 48,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total value of $2,634,720.00. Following the transaction, the director now directly owns 296,846 shares in the company, valued at approximately $16,293,876.94. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,112 shares of company stock valued at $12,033,838. Insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Truist Financial raised their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Monster Beverage from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Morgan Stanley raised their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Finally, Roth Mkm lifted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Two 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 stock. According to MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and a consensus price target of $60.81.

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.