Los Angeles Capital Management LLC Lowers Position in Monster Beverage Co. (NASDAQ:MNST)

Los Angeles Capital Management LLC cut its stake in Monster Beverage Co. (NASDAQ:MNSTFree Report) by 48.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 473,233 shares of the company’s stock after selling 450,844 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Monster Beverage were worth $28,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC increased its position in shares of Monster Beverage by 55.7% during the first quarter. CWM LLC now owns 22,444 shares of the company’s stock valued at $1,330,000 after acquiring an additional 8,028 shares during the last quarter. Moody National Bank Trust Division increased its position in shares of Monster Beverage by 2.0% during the first quarter. Moody National Bank Trust Division now owns 22,860 shares of the company’s stock valued at $1,355,000 after acquiring an additional 459 shares during the last quarter. Park National Corp OH increased its position in shares of Monster Beverage by 8.9% during the first quarter. Park National Corp OH now owns 228,887 shares of the company’s stock valued at $13,568,000 after acquiring an additional 18,731 shares during the last quarter. Appleton Partners Inc. MA increased its position in shares of Monster Beverage by 4.1% during the first quarter. Appleton Partners Inc. MA now owns 120,100 shares of the company’s stock valued at $7,120,000 after acquiring an additional 4,770 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new stake in Monster Beverage in the fourth quarter worth $772,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $66.00 to $59.00 in a research report on Thursday, April 25th. Stifel Nicolaus decreased their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Monday. HSBC decreased their target price on Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, March 6th. Jefferies Financial Group raised their target price on Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Redburn Atlantic began coverage on Monster Beverage in a report on Wednesday, March 6th. They issued a “buy” rating for the company. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.79.

Get Our Latest Stock Analysis on Monster Beverage

Insiders Place Their Bets

In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the company’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 transaction of $2,233,632.00. Following the transaction, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now directly owns 532,754 shares in the company, valued at $27,820,413.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 307,221 shares of company stock worth $16,070,374. Company insiders own 7.80% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST traded down $0.71 during mid-day trading on Wednesday, reaching $48.42. 9,376,739 shares of the company’s stock traded hands, compared to its average volume of 16,423,830. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22. The firm has a market capitalization of $50.44 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 1.95 and a beta of 0.76. The company has a 50 day moving average price of $53.00 and a 200-day moving average price of $55.58.

Monster Beverage (NASDAQ:MNSTGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, analysts forecast that Monster Beverage Co. will post 1.76 EPS for the current year.

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: 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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