Jump Financial LLC Trims Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Jump Financial LLC lowered its position in shares of Monster Beverage Co. (NASDAQ:MNSTFree Report) by 72.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,800 shares of the company’s stock after selling 112,488 shares during the period. Jump Financial LLC’s holdings in Monster Beverage were worth $2,523,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its stake in Monster Beverage by 10.8% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 4,693 shares of the company’s stock worth $270,000 after buying an additional 457 shares in the last quarter. Principal Securities Inc. purchased a new position in Monster Beverage in the 4th quarter worth approximately $706,000. Wealthspire Advisors LLC purchased a new position in Monster Beverage in the 4th quarter worth approximately $328,000. Catalyst Financial Partners LLC purchased a new position in Monster Beverage in the 4th quarter worth approximately $202,000. Finally, National Pension Service grew its stake in Monster Beverage by 2.9% in the 4th quarter. National Pension Service now owns 1,703,866 shares of the company’s stock worth $98,160,000 after buying an additional 47,602 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MNST shares. The Goldman Sachs Group upped their price objective 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. Piper Sandler upped their price objective on shares of Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Monster Beverage from $64.00 to $63.00 and set a “buy” rating for the company in a report on Monday, February 26th. BMO Capital Markets lowered their price target on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Finally, UBS Group lowered their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and an average target price of $61.32.

Check Out Our Latest Analysis on MNST

Insider Buying and Selling

In other news, Director Mark J. Hall sold 659,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total value of $38,584,450.00. Following the sale, the director now directly owns 777,840 shares in the company, valued at $45,542,532. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.40% of the stock is owned by company insiders.

Monster Beverage Stock Performance

Shares of Monster Beverage stock traded down $0.45 during trading hours on Monday, hitting $55.01. The company’s stock had a trading volume of 1,246,412 shares, compared to its average volume of 5,515,331. The company has a market cap of $57.31 billion, a PE ratio of 34.88, a PEG ratio of 2.32 and a beta of 0.74. The business has a 50 day moving average price of $56.60 and a two-hundred day moving average price of $55.98. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Monster Beverage (NASDAQ:MNSTGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. As a group, research analysts anticipate that Monster Beverage Co. will post 1.77 earnings per share for the current year.

Monster Beverage 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: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.

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

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