Monster Beverage Corporation $MNST Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC decreased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,337 shares of the company’s stock after selling 7,081 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Monster Beverage were worth $3,466,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MNST. Twin Capital Management Inc. raised its stake in Monster Beverage by 11.6% during the first quarter. Twin Capital Management Inc. now owns 5,213 shares of the company’s stock worth $305,000 after purchasing an additional 540 shares during the period. OMNI 360 Wealth Inc. purchased a new position in Monster Beverage during the second quarter worth about $365,000. Nisa Investment Advisors LLC raised its stake in Monster Beverage by 2.4% during the first quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company’s stock worth $18,475,000 after purchasing an additional 7,465 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Monster Beverage by 51.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 24,036 shares of the company’s stock worth $1,407,000 after purchasing an additional 8,209 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Monster Beverage by 35.3% during the second quarter. Avior Wealth Management LLC now owns 22,146 shares of the company’s stock worth $1,387,000 after purchasing an additional 5,781 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MNST. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a research note on Wednesday, October 8th. Rothschild & Co Redburn downgraded shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 price target on the stock. in a research note on Wednesday, July 9th. Roth Capital reissued a “neutral” rating and issued a $60.00 price target (up from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Finally, Morgan Stanley boosted their price target on shares of Monster Beverage from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.10.

Monster Beverage Stock Down 0.5%

Shares of MNST opened at $66.51 on Tuesday. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $70.72. The firm’s 50 day moving average price is $66.14 and its 200 day moving average price is $63.25. The company has a market cap of $64.94 billion, a P/E ratio of 41.31, a PEG ratio of 2.31 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current 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.