Monster Beverage Corporation $MNST Shares Sold by Capital International Sarl

Capital International Sarl trimmed its position in Monster Beverage Corporation (NASDAQ:MNST) by 30.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,823 shares of the company’s stock after selling 69,629 shares during the period. Capital International Sarl’s holdings in Monster Beverage were worth $10,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MNST. Physician Wealth Advisors Inc. boosted its position in shares of Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in Monster Beverage in the 3rd quarter valued at approximately $27,000. First Horizon Corp acquired a new stake in Monster Beverage during the 3rd quarter valued at $29,000. Armstrong Advisory Group Inc. increased its position in Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Monster Beverage by 1,338.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a research note on Wednesday, December 3rd. Citigroup upped their target price on Monster Beverage from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Evercore upped their price objective on shares of Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Finally, Jefferies Financial Group raised their target price on shares of Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.14.

Insiders Place Their Bets

In other news, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the transaction, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.80% of the stock is currently owned by corporate insiders.

Monster Beverage Stock Performance

Shares of NASDAQ:MNST opened at $75.72 on Tuesday. The stock has a 50-day simple moving average of $80.15 and a 200-day simple moving average of $73.10. The stock has a market capitalization of $73.98 billion, a P/E ratio of 39.03, a PEG ratio of 2.45 and a beta of 0.44. Monster Beverage Corporation has a 1 year low of $54.00 and a 1 year high of $87.38.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the company posted $0.39 earnings per share. Monster Beverage’s revenue was up 17.6% compared to the same quarter last year. Analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage 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.