Private Trust Co. NA Sells 199 Shares of Monster Beverage Corporation $MNST

Private Trust Co. NA trimmed its position in Monster Beverage Corporation (NASDAQ:MNST) by 8.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,238 shares of the company’s stock after selling 199 shares during the period. Private Trust Co. NA’s holdings in Monster Beverage were worth $140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MNST. Wayfinding Financial LLC bought a new position in Monster Beverage in the 1st quarter valued at $29,000. Webster Bank N. A. bought a new position in Monster Beverage in the 2nd quarter valued at $38,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after buying an additional 196 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Monster Beverage in the 1st quarter valued at $43,000. Finally, Ameritas Advisory Services LLC bought a new position in Monster Beverage in the 2nd quarter valued at $55,000. 72.36% of the stock is currently owned by institutional investors.

Insider Activity

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total value of $637,300.00. Following the sale, the director owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on MNST shares. Bank of America increased their price objective on Monster Beverage from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Redburn Atlantic lowered Monster Beverage from a “strong-buy” rating to a “hold” rating and reduced their price target for the stock from $63.00 to $60.00 in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Monster Beverage from $64.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Royal Bank Of Canada raised their target price on Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Finally, Rothschild & Co Redburn lowered Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Wednesday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $66.05.

Monster Beverage Trading Down 1.2%

Shares of Monster Beverage stock opened at $68.90 on Wednesday. The company has a market capitalization of $67.28 billion, a PE ratio of 42.80, a PEG ratio of 2.43 and a beta of 0.54. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $70.72. The stock’s fifty day simple moving average is $65.34 and its 200 day simple moving average is $62.49.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Monster Beverage Company Profile

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.