Fort Washington Investment Advisors Inc. OH Has $92.52 Million Stake in Monster Beverage Co. (NASDAQ:MNST)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 17.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,580,943 shares of the company’s stock after selling 329,687 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Monster Beverage were worth $92,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MNST. SBI Securities Co. Ltd. acquired a new position in Monster Beverage in the 4th quarter valued at approximately $31,000. Coppell Advisory Solutions LLC grew its stake in shares of Monster Beverage by 259.2% in the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock worth $36,000 after purchasing an additional 495 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Monster Beverage in the fourth quarter valued at $36,000. Quent Capital LLC increased its holdings in Monster Beverage by 127.7% in the fourth quarter. Quent Capital LLC now owns 1,380 shares of the company’s stock valued at $73,000 after purchasing an additional 774 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in Monster Beverage by 541.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,713 shares of the company’s stock worth $90,000 after purchasing an additional 1,446 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of analyst reports. Roth Mkm upped their price target on Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Bank of America lifted their price objective on Monster Beverage from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Piper Sandler upped their target price on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, May 9th. Truist Financial increased their target price on shares of Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, April 23rd. Finally, TD Cowen boosted their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.81.

Monster Beverage Trading Down 0.7%

MNST opened at $62.59 on Thursday. The company has a fifty day moving average price of $60.66 and a two-hundred day moving average price of $55.39. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $64.45. The company has a market cap of $61.04 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 2.28 and a beta of 0.60. The company has a current ratio of 3.13, a quick ratio of 2.51 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts predict that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer now owns 69,273 shares in the company, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the transaction, the insider now owns 89,501 shares of the company’s stock, valued at $5,590,232.46. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,796 shares of company stock valued at $5,399,838. Company insiders own 8.30% of the company’s stock.

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.