Riverview Trust Co Has $418,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Riverview Trust Co trimmed its stake in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,142 shares of the company's stock after selling 4,130 shares during the period. Riverview Trust Co's holdings in Monster Beverage were worth $418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Monster Beverage by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 154,125 shares of the company's stock worth $8,101,000 after acquiring an additional 7,780 shares during the period. Empower Advisory Group LLC raised its holdings in shares of Monster Beverage by 6.5% during the fourth quarter. Empower Advisory Group LLC now owns 1,262,180 shares of the company's stock worth $66,340,000 after acquiring an additional 77,278 shares during the period. Elevate Capital Advisors LLC acquired a new stake in shares of Monster Beverage during the fourth quarter worth $1,624,000. iA Global Asset Management Inc. raised its holdings in shares of Monster Beverage by 5.8% during the fourth quarter. iA Global Asset Management Inc. now owns 113,866 shares of the company's stock worth $5,985,000 after acquiring an additional 6,210 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Monster Beverage during the fourth quarter worth $365,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

Shares of MNST stock opened at $63.00 on Friday. The company has a market capitalization of $61.44 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a 50-day simple moving average of $60.32 and a 200 day simple moving average of $55.13. Monster Beverage Co. has a 52 week low of $43.32 and a 52 week high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. Monster Beverage's revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, sell-side analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Monster Beverage

In related news, CFO Thomas J. Kelly sold 27,000 shares of the company'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 transaction of $1,711,800.00. Following the completion of the transaction, the chief financial officer now directly owns 69,273 shares in the company, valued at $4,391,908.20. This represents a 28.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark J. Hall sold 48,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the transaction, the director now owns 296,846 shares of the company's stock, valued at approximately $16,293,876.94. This represents a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 152,796 shares of company stock valued at $8,688,558 in the last quarter. Company insiders own 8.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MNST shares. Needham & Company LLC restated a "hold" rating on shares of Monster Beverage in a report on Friday, February 28th. Jefferies Financial Group lifted their price target on shares of Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $60.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. The Goldman Sachs Group set a $67.00 price target on shares of Monster Beverage and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Truist Financial lifted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Monster Beverage presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.81.

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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