Capital International Inc. CA Has $7.80 Million Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Capital International Inc. CA raised its stake in shares of Monster Beverage Co. (NASDAQ:MNST) by 5.4% during the 1st quarter, HoldingsChannel reports. The firm owned 131,634 shares of the company’s stock after purchasing an additional 6,744 shares during the quarter. Capital International Inc. CA’s holdings in Monster Beverage were worth $7,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new stake in shares of Monster Beverage in the fourth quarter worth $27,000. Tortoise Investment Management LLC boosted its stake in Monster Beverage by 360.0% during the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock worth $29,000 after buying an additional 396 shares in the last quarter. Crewe Advisors LLC acquired a new stake in Monster Beverage during the first quarter worth $37,000. Rise Advisors LLC boosted its stake in Monster Beverage by 187.6% during the first quarter. Rise Advisors LLC now owns 716 shares of the company’s stock worth $42,000 after buying an additional 467 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Monster Beverage by 68.1% during the first quarter. Benjamin Edwards Inc. now owns 950 shares of the company’s stock worth $56,000 after buying an additional 385 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s 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 transaction, the chief executive officer now directly owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of the business’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 sale, the director now owns 532,754 shares in the company, valued at approximately $27,820,413.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hilton H. Schlosberg sold 42,144 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were 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 approximately $99,404,574. The disclosure for this sale can be found here. In the last ninety days, insiders sold 307,221 shares of company stock worth $16,070,374. 7.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MNST. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of Monster Beverage in a research note on Monday, July 1st. Stifel Nicolaus cut their price objective on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a report on Monday, June 17th. Morgan Stanley cut their price objective on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft cut their price objective on Monster Beverage from $66.00 to $63.00 and set a “buy” rating for the company in a report on Friday, June 14th. Finally, BNP Paribas assumed coverage on Monster Beverage in a report on Monday, June 24th. They set an “underperform” rating and a $48.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.33.

Monster Beverage Stock Up 1.8 %

MNST stock traded up $0.90 during midday trading on Friday, reaching $51.00. The stock had a trading volume of 3,803,232 shares, compared to its average volume of 7,359,335. The business has a fifty day simple moving average of $50.64 and a two-hundred day simple moving average of $54.40. The firm has a market cap of $53.13 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.02 and a beta of 0.76. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. Monster Beverage’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, equities analysts predict that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

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.