Moody National Bank Trust Division Buys 459 Shares of Monster Beverage Co. (NASDAQ:MNST)

Moody National Bank Trust Division grew its stake in Monster Beverage Co. (NASDAQ:MNST) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,860 shares of the company’s stock after acquiring an additional 459 shares during the quarter. Moody National Bank Trust Division’s holdings in Monster Beverage were worth $1,355,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in Monster Beverage by 5.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after acquiring an additional 196 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Monster Beverage by 2.6% during the fourth quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock valued at $447,000 after purchasing an additional 199 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Monster Beverage by 3.7% during the fourth quarter. CENTRAL TRUST Co now owns 5,908 shares of the company’s stock valued at $340,000 after purchasing an additional 213 shares in the last quarter. Savant Capital LLC lifted its holdings in shares of Monster Beverage by 4.6% during the fourth quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock valued at $300,000 after purchasing an additional 227 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Monster Beverage by 2.8% during the fourth quarter. Caprock Group LLC now owns 9,048 shares of the company’s stock valued at $521,000 after purchasing an additional 246 shares in the last quarter. 72.36% of the stock is owned by institutional investors.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 250,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the transaction, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total value of $2,233,632.00. Following the completion of the sale, the chief executive officer now owns 1,875,558 shares in the company, valued at $99,404,574. The disclosure for this sale can be found here. Over the last three months, insiders sold 307,221 shares of company stock valued at $16,070,374. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Down 1.4 %

NASDAQ MNST opened at $48.42 on Thursday. The firm has a market cap of $50.44 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The business has a 50-day moving average price of $52.87 and a 200-day moving average price of $55.53. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the company posted $0.38 earnings per share. Monster Beverage’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts expect that Monster Beverage Co. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MNST shares. Jefferies Financial Group upped their price target on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Monster Beverage from $66.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Truist Financial downgraded Monster Beverage from a “buy” rating to a “sell” rating and lowered their price target for the company from $65.00 to $46.00 in a report on Thursday, April 25th. UBS Group lowered their price target on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, Piper Sandler upped their price objective on Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.79.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.