OneDigital Investment Advisors LLC Sells 9,371 Shares of Monster Beverage Corporation (NASDAQ:MNST)

OneDigital Investment Advisors LLC lessened its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 48.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,138 shares of the company's stock after selling 9,371 shares during the period. OneDigital Investment Advisors LLC's holdings in Monster Beverage were worth $593,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in Monster Beverage by 8.8% in the 4th quarter. Geode Capital Management LLC now owns 17,112,000 shares of the company's stock valued at $897,012,000 after buying an additional 1,383,914 shares during the last quarter. Invesco Ltd. increased its position in shares of Monster Beverage by 9.3% during the 4th quarter. Invesco Ltd. now owns 8,590,994 shares of the company's stock worth $451,543,000 after purchasing an additional 734,406 shares during the last quarter. Norges Bank acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $442,642,000. Northern Trust Corp increased its holdings in shares of Monster Beverage by 12.6% during the 4th quarter. Northern Trust Corp now owns 7,357,921 shares of the company's stock worth $386,732,000 after acquiring an additional 825,489 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Monster Beverage by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,406,131 shares of the company's stock worth $284,146,000 after acquiring an additional 493,914 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Insider Activity

In other news, insider Emelie Tirre sold 8,796 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the sale, the insider owned 89,501 shares of the company's stock, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas J. Kelly sold 27,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares of the company's stock, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Monster Beverage from $67.00 to $70.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Roth Capital boosted their target price on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, May 14th. Piper Sandler boosted their target price on Monster Beverage from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Rothschild & Co Redburn downgraded Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price target for the company. in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $61.87.

Monster Beverage Trading Down 0.6%

Monster Beverage stock traded down $0.34 during trading hours on Friday, hitting $58.83. The stock had a trading volume of 5,843,605 shares, compared to its average volume of 6,004,332. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03. The stock has a market cap of $57.37 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 2.10 and a beta of 0.59. Monster Beverage Corporation has a one year low of $43.32 and a one year high of $64.45. The business's 50 day simple moving average is $62.45 and its 200-day simple moving average is $56.78.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts predict 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.