Park National Corp OH Lowers Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Park National Corp OH decreased its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 80.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,059 shares of the company’s stock after selling 67,874 shares during the period. Park National Corp OH’s holdings in Monster Beverage were worth $940,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. raised its position in Monster Beverage by 62.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares in the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage during the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Monster Beverage during the fourth quarter valued at about $31,000. Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage during the fourth quarter valued at about $33,000. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock valued at $36,000 after buying an additional 495 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Performance

Monster Beverage stock opened at $63.64 on Friday. The stock’s 50 day simple moving average is $59.78 and its two-hundred day simple moving average is $54.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The stock has a market cap of $62.06 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a fifty-two week low of $43.32 and a fifty-two week high of $64.45.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. As a group, analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares of the company’s stock, valued at approximately $3,994,528.71. The trade was a 12.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of Monster Beverage stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $55.38, for a total value of $5,057,080.08. Following the sale, the insider now directly owns 76,201 shares in the company, valued at approximately $4,220,011.38. The trade was a 54.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,112 shares of company stock valued at $12,033,838. 7.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MNST has been the topic of a number of recent research reports. UBS Group raised their price objective on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Citigroup raised their price objective on Monster Beverage from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Piper Sandler raised their price objective on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Finally, TD Cowen raised their price objective on Monster Beverage from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, May 9th. Two 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.81.

About Monster Beverage

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.