Monster Beverage Co. (NASDAQ:MNST) Shares Sold by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST) by 9.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 9,960 shares of the company’s stock after selling 1,082 shares during the period. E Fund Management Co. Ltd.’s holdings in Monster Beverage were worth $574,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MNST. Delta Financial Advisors LLC boosted its stake in shares of Monster Beverage by 0.9% during the 3rd quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company’s stock worth $1,015,000 after purchasing an additional 180 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Monster Beverage by 5.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company’s stock worth $211,000 after purchasing an additional 196 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after acquiring an additional 199 shares during the period. PFG Investments LLC lifted its holdings in shares of Monster Beverage by 2.6% during the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company’s stock worth $447,000 after acquiring an additional 199 shares during the period. Finally, Mainsail Financial Group LLC lifted its holdings in shares of Monster Beverage by 1.2% during the 3rd quarter. Mainsail Financial Group LLC now owns 18,169 shares of the company’s stock worth $955,000 after acquiring an additional 211 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the sale, the director now directly owns 777,840 shares of the company’s stock, valued at approximately $45,542,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.40% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST traded down $0.37 during midday trading on Wednesday, hitting $54.30. 6,701,281 shares of the stock traded hands, compared to its average volume of 5,591,955. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22. The firm has a market capitalization of $56.57 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. The business’s 50 day moving average price is $56.78 and its two-hundred day moving average price is $55.92.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts forecast that Monster Beverage Co. will post 1.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MNST shares. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and cut their price objective for the stock from $65.00 to $46.00 in a report on Thursday, April 25th. BMO Capital Markets cut their price target on shares of Monster Beverage from $58.00 to $56.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group raised their price target on shares of Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Morgan Stanley lowered their price objective on shares of Monster Beverage from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Monster Beverage from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $59.00 in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.32.

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.