Whittier Trust Co. of Nevada Inc. Has $7.09 Million Stock Holdings in Monster Beverage Corporation $MNST

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 9,515.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,576 shares of the company’s stock after acquiring an additional 94,582 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Monster Beverage were worth $7,088,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Capital Advisory Group Advisory Services LLC grew its holdings in shares of Monster Beverage by 2.8% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 4,841 shares of the company’s stock worth $371,000 after purchasing an additional 133 shares in the last quarter. Williams Jones Wealth Management LLC. raised its stake in shares of Monster Beverage by 2.2% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 6,134 shares of the company’s stock valued at $470,000 after purchasing an additional 134 shares in the last quarter. Root Financial Partners LLC lifted its position in Monster Beverage by 2.8% in the first quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock worth $361,000 after purchasing an additional 137 shares during the period. D.A. Davidson & CO. lifted its position in Monster Beverage by 3.6% in the fourth quarter. D.A. Davidson & CO. now owns 4,071 shares of the company’s stock worth $312,000 after purchasing an additional 141 shares during the period. Finally, Earned Wealth Advisors LLC boosted its stake in Monster Beverage by 3.8% during the fourth quarter. Earned Wealth Advisors LLC now owns 4,171 shares of the company’s stock worth $320,000 after buying an additional 151 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Stock Performance

NASDAQ MNST opened at $97.60 on Monday. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $98.93. The company has a 50 day moving average of $88.09 and a 200-day moving average of $81.46. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 47.15, a PEG ratio of 3.21 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. On average, analysts forecast that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its board has initiated a stock repurchase plan on Friday, May 15th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 0.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Rothschild & Co Redburn raised shares of Monster Beverage from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $90.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group reissued a “neutral” rating and issued a $84.00 price target (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Finally, Sanford C. Bernstein began coverage on Monster Beverage in a report on Friday, June 12th. They issued a “market perform” rating and a $95.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.35.

Insider Activity at Monster Beverage

In other Monster Beverage news, CEO Guy Carling sold 19,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the sale, the chief executive officer owned 21,863 shares of the company’s stock, valued at $1,987,346.70. This represents a 46.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Kelly sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $87.81, for a total transaction of $614,670.00. Following the completion of the sale, the chief financial officer owned 62,553 shares of the company’s stock, valued at $5,492,778.93. The trade was a 10.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 178,700 shares of company stock worth $15,457,562 in the last 90 days. Corporate insiders own 8.10% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.