Monster Beverage Co. (NASDAQ:MNST) Position Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,194 shares of the company’s stock after selling 36,086 shares during the period. Yousif Capital Management LLC’s holdings in Monster Beverage were worth $4,678,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in Monster Beverage during the third quarter worth approximately $26,000. Headinvest LLC acquired a new position in Monster Beverage in the 3rd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Monster Beverage in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC boosted its stake in Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock worth $41,000 after purchasing an additional 199 shares during the period. Finally, DT Investment Partners LLC acquired a new position in Monster Beverage in the 3rd quarter worth approximately $53,000. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and decreased their price objective for the stock from $65.00 to $46.00 in a research note on Thursday. Morgan Stanley raised their price objective on shares of Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered shares of Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $59.00 in a research note on Thursday. Finally, Redburn Atlantic assumed coverage on shares of Monster Beverage in a research note on Wednesday, March 6th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.79.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction on 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 transaction, the director now owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.40% of the company’s stock.

Monster Beverage Trading Up 0.4 %

Monster Beverage stock opened at $53.37 on Friday. The company has a market capitalization of $55.54 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.17 and a beta of 0.72. The firm’s fifty day simple moving average is $56.97 and its 200-day simple moving average is $55.60. Monster Beverage Co. has a 1-year low of $47.13 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. Monster Beverage’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, equities research analysts predict that Monster Beverage Co. will post 1.81 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.