Lbp Am Sa Purchases New Stake in Monster Beverage Co. (NASDAQ:MNST)

Lbp Am Sa bought a new position in Monster Beverage Co. (NASDAQ:MNST) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 7,972 shares of the company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Monster Beverage by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company’s stock worth $3,837,867,000 after purchasing an additional 1,059,042 shares during the period. Clearbridge Investments LLC boosted its stake in Monster Beverage by 0.3% during the first quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company’s stock worth $691,182,000 after buying an additional 37,391 shares during the period. Janus Henderson Group PLC increased its position in shares of Monster Beverage by 4.1% during the first quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company’s stock valued at $664,469,000 after acquiring an additional 440,962 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock valued at $603,659,000 after acquiring an additional 3,026,657 shares during the period. Finally, Norges Bank acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $517,035,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Down 0.4 %

Shares of Monster Beverage stock traded down $0.21 during trading hours on Friday, hitting $51.17. The company’s stock had a trading volume of 2,019,876 shares, compared to its average volume of 7,264,215. The company has a market capitalization of $53.31 billion, a PE ratio of 31.88, a P/E/G ratio of 2.10 and a beta of 0.76. The business has a fifty day moving average of $50.50 and a 200 day moving average of $54.19. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22.

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

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the transaction, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of the company’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 transaction of $13,055,000.00. Following the sale, the director now owns 532,754 shares in the company, valued at $27,820,413.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the sale, the director now directly owns 68,167 shares in the company, valued at $3,534,458.95. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock worth $16,070,374 in the last 90 days. 7.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus cut their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. JPMorgan Chase & Co. dropped their target price on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. BMO Capital Markets lowered their price objective on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Monster Beverage from $66.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Finally, TD Cowen cut their price target on Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.33.

About Monster Beverage

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.