Capital International Ltd. CA Sells 52,855 Shares of Monster Beverage Corporation $MNST

Capital International Ltd. CA reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,431 shares of the company’s stock after selling 52,855 shares during the quarter. Capital International Ltd. CA’s holdings in Monster Beverage were worth $9,318,000 as of its most recent filing with the Securities & Exchange Commission.

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

Monster Beverage Stock Performance

MNST stock opened at $75.72 on Tuesday. Monster Beverage Corporation has a fifty-two week low of $54.00 and a fifty-two week high of $87.38. The company has a market cap of $73.98 billion, a price-to-earnings ratio of 39.03, a P/E/G ratio of 2.45 and a beta of 0.44. The business’s 50-day moving average is $80.15 and its two-hundred day moving average is $73.10.

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

Insider Buying and Selling

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Emelie Tirre sold 30,000 shares of the company’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 transaction of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MNST has been the subject of a number of recent analyst reports. Roth Mkm restated a “neutral” rating and issued a $70.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. Evercore lifted their price objective on Monster Beverage from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Piper Sandler upped their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. TD Cowen raised their price target on shares of Monster Beverage from $80.00 to $88.00 and gave the company a “hold” rating in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Fourteen investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

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.