Banque Cantonale Vaudoise Has $1.46 Million Position in Monster Beverage Co. (NASDAQ:MNST)

Banque Cantonale Vaudoise lessened its stake in Monster Beverage Co. (NASDAQ:MNSTFree Report) by 7.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,622 shares of the company’s stock after selling 2,071 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Monster Beverage were worth $1,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Monster Beverage by 8.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,210 shares of the company’s stock valued at $1,017,000 after acquiring an additional 1,482 shares during the period. Corient Private Wealth LLC raised its holdings in Monster Beverage by 112.2% in the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company’s stock worth $10,339,000 after purchasing an additional 103,271 shares during the period. Portside Wealth Group LLC acquired a new stake in Monster Beverage in the second quarter worth $6,379,000. Cozad Asset Management Inc. boosted its position in shares of Monster Beverage by 2.3% during the second quarter. Cozad Asset Management Inc. now owns 28,780 shares of the company’s stock worth $1,653,000 after purchasing an additional 640 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of Monster Beverage by 5.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 18,060 shares of the company’s stock valued at $1,037,000 after buying an additional 997 shares during the period. Institutional investors own 64.60% of the company’s stock.

Insider Activity at Monster Beverage

In other news, CFO Thomas J. Kelly sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $55.19, for a total transaction of $1,655,700.00. Following the completion of the sale, the chief financial officer now owns 60,056 shares in the company, valued at $3,314,490.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Guy Carling sold 34,553 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.55, for a total transaction of $1,919,419.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas J. Kelly sold 30,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $55.19, for a total value of $1,655,700.00. Following the sale, the chief financial officer now directly owns 60,056 shares in the company, valued at $3,314,490.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 69,553 shares of company stock worth $3,850,599. Company insiders own 9.40% of the company’s stock.

Monster Beverage Trading Down 1.1 %

NASDAQ MNST opened at $55.35 on Monday. The firm’s fifty day moving average price is $56.26 and its two-hundred day moving average price is $55.36. Monster Beverage Co. has a 1 year low of $47.13 and a 1 year high of $60.47. The firm has a market capitalization of $57.59 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.47 and a beta of 0.72.

Monster Beverage (NASDAQ:MNSTGet Free Report) last issued its earnings results on Thursday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Monster Beverage had a net margin of 22.62% and a return on equity of 20.50%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.30 EPS. Monster Beverage’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate that Monster Beverage Co. will post 1.56 EPS for the current fiscal year.

Monster Beverage declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNST. Deutsche Bank Aktiengesellschaft dropped their price objective on Monster Beverage from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Monday, October 23rd. Jefferies Financial Group began coverage on Monster Beverage in a research report on Monday, November 13th. They set a “buy” rating and a $65.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Monster Beverage from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Bank of America lowered their target price on Monster Beverage from $63.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Finally, The Goldman Sachs Group lifted their price target on shares of Monster Beverage from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.73.

Read Our Latest Report on Monster Beverage

Monster Beverage Company Profile

(Free Report)

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: Finished Product, Concentrate, and Other. It offers carbonated non-carbonated energy drinks, ready-to-drink iced teas and juice drinks, lemonades, juice cocktails, single-serve juices and fruit beverages, ready-to-drink dairy and coffee drinks, energy drinks, sports drinks and single-serve still waters, and sodas that are considered natural, sparkling juices, and flavored sparkling beverages.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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