Monster Beverage Corporation $MNST Stake Lowered by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc reduced its stake in Monster Beverage Corporation by 5.7%, now holding 1,008,783 shares, which constitutes approximately 3.7% of their investment portfolio.
• Monster Beverage reported $0.52 EPS for the most recent quarter, exceeding analysts' expectations and showing an 11.1% increase in revenue year-over-year.
• Several analysts have recently revised their ratings on Monster Beverage, with UBS Group and Royal Bank Of Canada increasing their price targets, now ranging from $72.00 to $75.00.

Sather Financial Group Inc reduced its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,008,783 shares of the company's stock after selling 60,668 shares during the period. Monster Beverage accounts for about 3.7% of Sather Financial Group Inc's investment portfolio, making the stock its 8th biggest position. Sather Financial Group Inc owned about 0.10% of Monster Beverage worth $63,190,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its stake in Monster Beverage by 6.6% during the second quarter. Concurrent Investment Advisors LLC now owns 21,084 shares of the company's stock worth $1,321,000 after acquiring an additional 1,306 shares during the last quarter. waypoint wealth counsel bought a new stake in Monster Beverage during the second quarter worth approximately $314,000. Apollon Wealth Management LLC increased its stake in Monster Beverage by 33.2% during the second quarter. Apollon Wealth Management LLC now owns 20,536 shares of the company's stock worth $1,286,000 after acquiring an additional 5,122 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Monster Beverage by 2.1% during the second quarter. Fifth Third Wealth Advisors LLC now owns 21,168 shares of the company's stock worth $1,326,000 after acquiring an additional 441 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Monster Beverage during the second quarter worth approximately $88,000. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

MNST opened at $69.62 on Friday. The stock has a market cap of $67.98 billion, a price-to-earnings ratio of 43.24, a P/E/G ratio of 2.42 and a beta of 0.54. The stock's 50 day moving average price is $64.31 and its 200-day moving average price is $61.98. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.06.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MNST shares. Wall Street Zen cut Monster Beverage from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. UBS Group boosted their price objective on Monster Beverage from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday. Royal Bank Of Canada boosted their price objective on Monster Beverage from $68.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday. Piper Sandler raised 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 research note on Thursday, August 7th. Finally, Rothschild & Co Redburn cut Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective on the stock. in a research note on Wednesday, July 9th. Thirteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Hold" and an average target price of $66.05.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is currently owned by company insiders.

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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