Monster Beverage Corporation $MNST Holdings Decreased by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in Monster Beverage Corporation (NASDAQ:MNST) by 41.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,792 shares of the company’s stock after selling 7,578 shares during the period. Independent Advisor Alliance’s holdings in Monster Beverage were worth $726,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Monster Beverage by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 65,360,899 shares of the company’s stock worth $4,094,207,000 after acquiring an additional 574,275 shares during the period. State Street Corp increased its stake in shares of Monster Beverage by 2.6% during the second quarter. State Street Corp now owns 34,929,818 shares of the company’s stock valued at $2,188,004,000 after acquiring an additional 900,479 shares during the period. Loomis Sayles & Co. L P raised its holdings in Monster Beverage by 1.5% during the second quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock worth $1,656,847,000 after purchasing an additional 385,692 shares in the last quarter. Geode Capital Management LLC lifted its position in Monster Beverage by 4.1% in the second quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock worth $1,165,292,000 after purchasing an additional 742,518 shares during the period. Finally, Invesco Ltd. lifted its position in Monster Beverage by 20.0% in the second quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock worth $688,001,000 after purchasing an additional 1,829,064 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity

In related news, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Guy Carling sold 38,438 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the completion of the transaction, the insider directly owned 21,993 shares of the company’s stock, valued at $1,568,760.69. This represents a 63.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 274,981 shares of company stock worth $20,138,516 over the last 90 days. 8.30% of the stock is owned by company insiders.

Monster Beverage Trading Down 0.6%

Shares of MNST opened at $81.44 on Thursday. The business’s 50-day moving average price is $77.23 and its 200 day moving average price is $69.82. The stock has a market capitalization of $79.57 billion, a P/E ratio of 46.27, a P/E/G ratio of 2.13 and a beta of 0.45. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $83.24.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

MNST has been the topic of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $81.00 price target (up from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Stifel Nicolaus set a $82.00 target price on Monster Beverage and gave the stock a “buy” rating in a report on Friday, December 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $79.00 price target on shares of Monster Beverage in a research report on Tuesday, November 4th. BMO Capital Markets restated a “market perform” rating and set a $73.00 price objective (up previously from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Fourteen equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

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.