Monster Beverage Corporation $MNST Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc cut its position in Monster Beverage Corporation (NASDAQ:MNST) by 1.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 990,713 shares of the company’s stock after selling 10,287 shares during the period. Monster Beverage makes up about 4.4% of Sather Financial Group Inc’s investment portfolio, making the stock its 7th largest position. Sather Financial Group Inc’s holdings in Monster Beverage were worth $71,787,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Harbor Investment Advisory LLC raised its holdings in shares of Monster Beverage by 136.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares during the period. MV Capital Management Inc. bought a new position in Monster Beverage during the fourth quarter worth about $30,000. Newbridge Financial Services Group Inc. increased its position in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Monster Beverage during the fourth quarter worth approximately $35,000. Finally, Miller Capital Partners Inc. bought a new stake in Monster Beverage in the fourth quarter valued at approximately $36,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Morgan Stanley set a $103.00 price objective on Monster Beverage and gave the company an “overweight” rating in a research report on Monday, June 1st. Rothschild & Co Redburn upgraded Monster Beverage from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $90.00 in a research note on Wednesday, May 6th. TD Cowen cut their price target on Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Royal Bank Of Canada raised their price target on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research report on Thursday, June 18th. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.35.

Monster Beverage Stock Up 0.3%

Shares of Monster Beverage stock traded up $0.32 during trading on Tuesday, reaching $97.69. The company’s stock had a trading volume of 1,199,597 shares, compared to its average volume of 5,781,454. The business’s 50-day moving average price is $88.09 and its 200-day moving average price is $81.46. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $99.15. The firm has a market cap of $95.54 billion, a PE ratio of 47.18, a P/E/G ratio of 3.21 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned $0.47 earnings per share. Monster Beverage’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts predict that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage declared that its Board of Directors has authorized a stock buyback plan on Friday, May 15th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 0.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, CEO Guy Carling sold 19,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the transaction, the chief executive officer owned 21,863 shares in the company, valued at $1,987,346.70. This represents a 46.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Emelie Tirre sold 88,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total transaction of $7,624,652.00. Following the transaction, the insider directly owned 81,763 shares in the company, valued at $7,028,347.48. This represents a 52.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 178,700 shares of company stock worth $15,457,562. 8.10% of the stock is currently owned by company insiders.

About Monster Beverage

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.