Twin Capital Management Inc. Reduces Holdings in Monster Beverage Corp (NASDAQ:MNST)

Twin Capital Management Inc. trimmed its stake in Monster Beverage Corp (NASDAQ:MNST) by 74.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,615 shares of the company’s stock after selling 27,950 shares during the period. Twin Capital Management Inc.’s holdings in Monster Beverage were worth $614,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Monster Beverage by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,335,460 shares of the company’s stock worth $262,159,000 after acquiring an additional 289,340 shares in the last quarter. Northern Trust Corp increased its stake in shares of Monster Beverage by 0.4% in the 1st quarter. Northern Trust Corp now owns 4,780,268 shares of the company’s stock worth $260,907,000 after acquiring an additional 21,204 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of Monster Beverage by 14.3% in the 1st quarter. USS Investment Management Ltd now owns 2,190,226 shares of the company’s stock worth $119,521,000 after acquiring an additional 274,111 shares in the last quarter. AJO LP increased its stake in shares of Monster Beverage by 811.6% in the 1st quarter. AJO LP now owns 1,754,408 shares of the company’s stock worth $95,756,000 after acquiring an additional 1,561,959 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Monster Beverage by 2.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,595,716 shares of the company’s stock worth $87,094,000 after acquiring an additional 39,452 shares in the last quarter. 66.21% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Guy Carling sold 24,000 shares of Monster Beverage stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.82, for a total value of $1,579,680.00. Following the completion of the sale, the insider now directly owns 33,535 shares in the company, valued at $2,207,273.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.20% of the stock is currently owned by company insiders.

MNST has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Credit Suisse Group set a $77.00 price target on shares of Monster Beverage and gave the stock a “buy” rating in a research note on Friday, May 3rd. UBS Group reiterated a “sell” rating and issued a $52.00 price target (down from $53.00) on shares of Monster Beverage in a research note on Thursday, August 8th. BidaskClub lowered shares of Monster Beverage from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, ValuEngine lowered shares of Monster Beverage from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $65.21.

NASDAQ:MNST traded up $0.23 on Friday, reaching $57.18. 1,756,100 shares of the stock traded hands, compared to its average volume of 3,715,017. The company has a market capitalization of $30.57 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.92 and a beta of 1.30. Monster Beverage Corp has a 12 month low of $47.74 and a 12 month high of $66.38. The company’s fifty day simple moving average is $63.16 and its 200 day simple moving average is $60.50.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.13 billion. Monster Beverage had a net margin of 26.58% and a return on equity of 28.10%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. As a group, research analysts predict that Monster Beverage Corp will post 2.05 EPS for the current fiscal year.

Monster Beverage Company 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.

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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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