Moody National Bank Trust Division Grows Stake in Monster Beverage Co. (NASDAQ:MNST)

Moody National Bank Trust Division grew its holdings in Monster Beverage Co. (NASDAQ:MNST) by 5.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 24,126 shares of the company’s stock after acquiring an additional 1,266 shares during the quarter. Moody National Bank Trust Division’s holdings in Monster Beverage were worth $1,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MNST. LRI Investments LLC acquired a new stake in shares of Monster Beverage in the 1st quarter valued at about $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of Monster Beverage in the 4th quarter valued at about $27,000. Tortoise Investment Management LLC boosted its position in shares of Monster Beverage by 360.0% in the 4th quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after purchasing an additional 396 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Monster Beverage in the 1st quarter valued at about $37,000. Finally, Rise Advisors LLC boosted its position in shares of Monster Beverage by 187.6% in the 1st quarter. Rise Advisors LLC now owns 716 shares of the company’s stock valued at $42,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Down 2.2 %

NASDAQ MNST traded down $1.14 during mid-day trading on Monday, hitting $50.47. The stock had a trading volume of 5,728,754 shares, compared to its average volume of 7,281,009. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 2.09 and a beta of 0.76. The company has a 50 day simple moving average of $50.48 and a 200 day simple moving average of $54.09.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup decreased their target price on Monster Beverage from $69.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Truist Financial cut Monster Beverage from a “buy” rating to a “sell” rating and decreased their target price for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Bank of America decreased their price objective on Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Monster Beverage from $66.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Finally, Morgan Stanley decreased their price objective on Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $59.33.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total transaction of $781,742.45. Following the completion of the transaction, the director now owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the completion of the transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at $99,404,574. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 307,221 shares of company stock valued at $16,070,374 in the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage 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.