Monster Beverage Corporation $MNST Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 30.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 96,974 shares of the company’s stock after selling 43,207 shares during the period. Intech Investment Management LLC’s holdings in Monster Beverage were worth $7,435,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MNST. Jones Financial Companies Lllp raised its holdings in Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after acquiring an additional 12,148 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Monster Beverage by 247.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after acquiring an additional 9,251 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Monster Beverage by 23.9% in the 2nd quarter. Cresset Asset Management LLC now owns 6,652 shares of the company’s stock valued at $417,000 after acquiring an additional 1,281 shares during the last quarter. Federated Hermes Inc. raised its holdings in Monster Beverage by 55.9% in the 2nd quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock valued at $301,000 after acquiring an additional 1,721 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Monster Beverage by 151.7% in the 2nd quarter. NewEdge Advisors LLC now owns 34,075 shares of the company’s stock valued at $2,134,000 after acquiring an additional 20,538 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Up 0.1%

MNST stock opened at $88.08 on Friday. The company has a market cap of $86.14 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 2.90 and a beta of 0.50. The business has a fifty day simple moving average of $78.73 and a 200-day simple moving average of $77.98. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $89.85.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. As a group, analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current fiscal year.

Monster Beverage declared that its board has authorized a share repurchase plan on Friday, May 15th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MNST shares. JPMorgan Chase & Co. cut their price target on Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Jefferies Financial Group set a $100.00 price objective on Monster Beverage in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft upped their price objective on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective on Monster Beverage from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Rothschild & Co Redburn upgraded Monster Beverage from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $90.00 in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus price target of $88.89.

Insider Activity at Monster Beverage

In other news, Director Mark J. Hall sold 54,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $85.81, for a total value of $4,633,740.00. Following the completion of the sale, the director owned 299,246 shares of the company’s stock, valued at $25,678,299.26. This represents a 15.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emelie Tirre sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $85.74, for a total transaction of $857,400.00. Following the completion of the transaction, the insider directly owned 71,763 shares of the company’s stock, valued at approximately $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 159,700 shares of company stock worth $13,730,462. 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.