Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Monster Beverage Co. (NASDAQ:MNST) by 3.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,135,728 shares of the company’s stock after selling 112,171 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Monster Beverage were worth $164,814,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Monster Beverage in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new position in Monster Beverage in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Monster Beverage during the 4th quarter worth about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Monster Beverage during the fourth quarter valued at about $33,000. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of several analyst reports. BNP Paribas dropped their target price on shares of Monster Beverage from $46.00 to $45.00 and set an “underperform” rating on the stock in a research report on Thursday, December 19th. UBS Group boosted their target price on shares of Monster Beverage from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Citigroup upped their price target on Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $59.00 target price on shares of Monster Beverage in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and a consensus target price of $56.11.

Monster Beverage Stock Performance

MNST opened at $57.08 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market cap of $55.55 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. The stock has a 50-day moving average of $53.17 and a 200-day moving average of $52.68. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $60.34.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other news, insider Emelie Tirre sold 91,316 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the sale, the insider now directly owns 76,201 shares of the company’s stock, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Guy Carling sold 47,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares of the company’s stock, valued at $1,210,054.86. This represents a 68.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. 7.80% of the stock is owned by insiders.

About Monster Beverage

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.