Monster Beverage Corporation $MNST Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its holdings in Monster Beverage Corporation by 1.8%, selling 4,025 shares in the 1st quarter, leaving them with shares valued at approximately $12.99 million.
• Monster Beverage reported $2.11 billion in revenue for the last quarter, exceeding analysts' expectations, and had a net margin of 20.54%.
• Insiders own 7.80% of Monster Beverage's stock, and Director Mark Vidergauz recently sold 10,000 shares, reducing his position by 16.34%.

Baird Financial Group Inc. decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,976 shares of the company's stock after selling 4,025 shares during the quarter. Baird Financial Group Inc.'s holdings in Monster Beverage were worth $12,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Twin Capital Management Inc. lifted its holdings in shares of Monster Beverage by 11.6% during the 1st quarter. Twin Capital Management Inc. now owns 5,213 shares of the company's stock valued at $305,000 after acquiring an additional 540 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Monster Beverage by 2.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 315,704 shares of the company's stock valued at $18,475,000 after acquiring an additional 7,465 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Monster Beverage by 76.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 66,906 shares of the company's stock valued at $3,915,000 after acquiring an additional 28,932 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Monster Beverage by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,392 shares of the company's stock valued at $75,455,000 after acquiring an additional 11,443 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Monster Beverage by 3.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 423,548 shares of the company's stock valued at $24,786,000 after acquiring an additional 15,493 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Stock Performance

MNST opened at $62.67 on Wednesday. The company has a 50-day moving average of $61.55 and a 200-day moving average of $59.85. The company has a market capitalization of $61.19 billion, a P/E ratio of 38.93, a PEG ratio of 2.04 and a beta of 0.54. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $66.75.

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

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the sale, the director 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Monster Beverage in a report on Thursday, June 12th. They set a "buy" rating and a $72.00 target price on the stock. TD Cowen boosted their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, May 9th. Piper Sandler upgraded shares of Monster Beverage from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $54.00 to $74.00 in a report on Thursday, August 7th. Roth Mkm boosted their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded shares of Monster Beverage from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $65.10.

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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