Pacer Advisors Inc. Decreases Holdings in Monster Beverage Corporation $MNST

Pacer Advisors Inc. reduced its position in Monster Beverage Corporation (NASDAQ:MNST) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 551,116 shares of the company’s stock after selling 85,436 shares during the period. Pacer Advisors Inc. owned approximately 0.06% of Monster Beverage worth $37,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. BSW Wealth Partners purchased a new position in Monster Beverage in the third quarter worth about $253,000. Clayton Financial Group LLC bought a new position in shares of Monster Beverage in the 3rd quarter worth approximately $104,000. Norden Group LLC boosted its holdings in shares of Monster Beverage by 11.9% in the third quarter. Norden Group LLC now owns 8,906 shares of the company’s stock worth $599,000 after buying an additional 948 shares during the last quarter. World Investment Advisors grew its position in Monster Beverage by 10.8% during the third quarter. World Investment Advisors now owns 5,802 shares of the company’s stock valued at $391,000 after buying an additional 565 shares during the period. Finally, Private Trust Co. NA increased its holdings in Monster Beverage by 11.7% during the third quarter. Private Trust Co. NA now owns 2,500 shares of the company’s stock valued at $168,000 after buying an additional 262 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.1%

Shares of MNST opened at $77.31 on Friday. The business’s 50 day moving average is $72.33 and its 200 day moving average is $66.45. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $78.31. The company has a market capitalization of $75.53 billion, a PE ratio of 43.93, a price-to-earnings-growth ratio of 2.32 and a beta of 0.48.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The company’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. Equities research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Activity at Monster Beverage

In other news, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 274,981 shares of company stock valued at $20,138,516. Corporate insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating and set a $87.00 price objective (up previously from $81.00) on shares of Monster Beverage in a research report on Tuesday. Stifel Nicolaus set a $82.00 price target on Monster Beverage and gave the stock a “buy” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. raised their price objective on Monster Beverage from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Roth Capital reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.95.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.