Riverview Trust Co Cuts Holdings in Monster Beverage Co. (NASDAQ:MNST)

Riverview Trust Co lessened its holdings in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 36.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor 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 institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares in the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage in the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new stake in Monster Beverage in the 4th quarter worth $31,000. Park Square Financial Group LLC purchased a new stake in Monster Beverage in the 4th quarter worth $36,000. Finally, Coppell Advisory Solutions LLC increased its stake in Monster Beverage by 259.2% in the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after buying an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Buying and Selling

In related news, Director Mark J. Hall sold 12,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total transaction of $654,000.00. Following the completion of the transaction, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction on Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the completion of the transaction, the insider now directly owns 89,501 shares of the company's stock, valued at $5,590,232.46. The trade was a 8.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 152,796 shares of company stock valued at $8,688,558 over the last 90 days. Insiders own 8.30% of the company's stock.

Monster Beverage Stock Down 0.6%

MNST traded down $0.41 during trading on Monday, hitting $63.00. The stock had a trading volume of 4,263,438 shares, compared to its average volume of 6,314,157. The company has a market capitalization of $61.44 billion, a PE ratio of 40.38, a PEG ratio of 2.28 and a beta of 0.60. 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 stock has a 50 day simple moving average of $60.41 and a two-hundred day simple moving average of $55.22. Monster Beverage Co. has a twelve month low of $43.32 and a twelve month high of $64.45.

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

Wall Street Analysts Forecast Growth

MNST has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Truist Financial increased their price objective on shares of Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a report on Wednesday, April 23rd. Roth Mkm increased their price objective on shares of Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Piper Sandler increased their price objective on shares of Monster Beverage from $51.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Finally, TD Cowen increased their price objective on shares of Monster Beverage from $55.00 to $60.00 and gave the company a "hold" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.81.

About Monster Beverage

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.