MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Sells 29,754 Shares of Monster Beverage Corporation $MNST

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly reduced its stake in Monster Beverage by 80.1%, selling 29,754 shares and holding only 7,399 shares valued at approximately $463,000.
• Institutional investors now hold 72.36% of Monster Beverage's stock, with several firms making notable purchases in recent quarters.
• Monster Beverage's latest earnings report showed an EPS of $0.52, exceeding analysts' expectations, with quarterly revenue rising by 11.1% year-over-year to $2.11 billion.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 80.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,399 shares of the company's stock after selling 29,754 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Monster Beverage were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new position in shares of Monster Beverage during the 1st quarter valued at $29,000. Webster Bank N. A. bought a new position in shares of Monster Beverage during the 2nd quarter valued at $38,000. Park Square Financial Group LLC bought a new position in shares of Monster Beverage during the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after acquiring an additional 196 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in Monster Beverage in the 1st quarter worth $43,000. Institutional investors own 72.36% of the company's stock.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares of the company's stock, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price target on the stock. Citigroup raised their price target on shares of Monster Beverage from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Roth Capital reissued a "neutral" rating and issued a $60.00 price target (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Rothschild & Co Redburn lowered shares of Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target on the stock. in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada set a $68.00 price target on shares of Monster Beverage and gave the stock an "outperform" rating in a report on Friday, August 8th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $65.19.

Monster Beverage Trading Down 0.5%

NASDAQ:MNST opened at $64.59 on Friday. The company has a 50-day moving average price of $62.59 and a 200-day moving average price of $61.09. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $67.13. The stock has a market cap of $63.07 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 2.26 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 EPS 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 during the quarter, compared to analysts' expectations of $2.08 billion. During the same period last year, the company posted $0.41 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal 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.

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