Banco Bilbao Vizcaya Argentaria S.A. Sells 69,384 Shares of Monster Beverage Corporation $MNST

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has significantly reduced its holdings in Monster Beverage Corporation by selling 69,384 shares, resulting in an ownership reduction of 82.2% during the first quarter.
• Despite this sell-off, Monster Beverage reported a robust quarterly revenue of $2.11 billion and an earnings per share of $0.52, exceeding analysts' expectations.
• Market analysts have mixed views on Monster Beverage, with 12 analysts rating the stock as a Buy while 2 have given it a Sell rating, indicating a diverse outlook on its future performance.

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 82.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,054 shares of the company's stock after selling 69,384 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Monster Beverage were worth $881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. OneDigital Investment Advisors LLC grew its holdings in shares of Monster Beverage by 6.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 19,509 shares of the company's stock worth $1,025,000 after purchasing an additional 1,148 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of Monster Beverage by 46.6% during the fourth quarter. MGO One Seven LLC now owns 8,102 shares of the company's stock worth $426,000 after purchasing an additional 2,577 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after purchasing an additional 495 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Monster Beverage by 17.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 654,222 shares of the company's stock worth $34,386,000 after purchasing an additional 95,400 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Monster Beverage by 28.4% during the fourth quarter. Integrated Wealth Concepts LLC now owns 22,786 shares of the company's stock worth $1,198,000 after purchasing an additional 5,034 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total value of $637,300.00. Following the transaction, the director directly owned 51,191 shares of the company's stock, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $63.40, for a total value of $1,711,800.00. Following the completion of the transaction, the chief financial officer directly owned 69,273 shares in the company, valued at approximately $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by insiders.

Monster Beverage Price Performance

Monster Beverage stock opened at $62.84 on Friday. The stock's 50 day moving average is $61.70 and its 200 day moving average is $59.06. The firm has a market cap of $61.36 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.10 and a beta of 0.55. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Equities analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MNST shares. Stifel Nicolaus started coverage on Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 price target on the stock. Redburn Atlantic cut Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their price target for the stock from $63.00 to $60.00 in a report on Wednesday, July 9th. Morgan Stanley boosted their price target on Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. TD Cowen boosted their price target on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised Monster Beverage from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Monster Beverage currently has an average rating of "Hold" and an average price target of $65.10.

Monster Beverage 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.