Monster Beverage Corp (MNST) is Defender Capital LLC.’s 5th Largest Position
Defender Capital LLC. increased its holdings in Monster Beverage Corp (NASDAQ:MNST) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,245 shares of the company’s stock after acquiring an additional 27,980 shares during the period. Monster Beverage comprises about 14.1% of Defender Capital LLC.’s holdings, making the stock its 5th largest holding. Defender Capital LLC.’s holdings in Monster Beverage were worth $17,568,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Berman Capital Advisors LLC purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $33,000. Executive Wealth Management LLC purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $35,000. Baystate Wealth Management LLC raised its stake in shares of Monster Beverage by 555.6% during the 4th quarter. Baystate Wealth Management LLC now owns 708 shares of the company’s stock worth $39,000 after purchasing an additional 600 shares in the last quarter. Old North State Trust LLC purchased a new stake in shares of Monster Beverage during the 1st quarter worth about $48,000. Finally, Rockland Trust Co. purchased a new stake in shares of Monster Beverage during the 4th quarter worth about $49,000. 66.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. BidaskClub raised Monster Beverage from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Morgan Stanley lowered their price objective on Monster Beverage from $62.00 to $56.00 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Zacks Investment Research reissued a “hold” rating and set a $54.00 price objective on shares of Monster Beverage in a report on Monday, December 31st. Citigroup reissued a “buy” rating and set a $72.00 price objective on shares of Monster Beverage in a report on Thursday, February 28th. Finally, Credit Suisse Group lowered their price objective on Monster Beverage from $78.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $62.09.
Monster Beverage (NASDAQ:MNST) last released its earnings results on Wednesday, February 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $924.23 million for the quarter, compared to analyst estimates of $907.75 million. Monster Beverage had a return on equity of 26.96% and a net margin of 26.08%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, equities research analysts expect that Monster Beverage Corp will post 2.01 EPS for the current year.
In other Monster Beverage news, EVP Thomas J. Kelly sold 25,719 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $59.68, for a total value of $1,534,909.92. Following the sale, the executive vice president now owns 35,370 shares of the company’s stock, valued at approximately $2,110,881.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harold C. Taber, Jr. sold 11,772 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $63.58, for a total value of $748,463.76. Following the completion of the sale, the director now directly owns 72,240 shares in the company, valued at approximately $4,593,019.20. The disclosure for this sale can be found here. Insiders sold a total of 62,253 shares of company stock worth $3,842,637 in the last ninety days. Insiders own 9.70% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/monster-beverage-corp-mnst-is-defender-capital-llc-s-5th-largest-position/2982637.html.
Monster Beverage Profile
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
Read More: New Google Finance Tool and Screening Stocks
Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corp (NASDAQ:MNST).
Receive News & Ratings for Monster Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage and related companies with MarketBeat.com's FREE daily email newsletter.