Vontobel Holding Ltd. Has $4.74 Million Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Vontobel Holding Ltd. lessened its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,992 shares of the company's stock after selling 6,140 shares during the quarter. Vontobel Holding Ltd.'s holdings in Monster Beverage were worth $4,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MNST. Norges Bank acquired a new stake in shares of Monster Beverage in the fourth quarter valued at $442,642,000. CIBC Private Wealth Group LLC boosted its position in shares of Monster Beverage by 659.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock valued at $251,445,000 after purchasing an additional 4,231,063 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Monster Beverage by 5,095.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,063,351 shares of the company's stock worth $179,267,000 after purchasing an additional 3,004,391 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $121,575,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $110,942,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MNST. Truist Financial lifted their price target on shares of Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Morgan Stanley boosted their target price on Monster Beverage from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. CICC Research upgraded Monster Beverage from a "market perform" rating to an "outperform" rating and increased their price target for the company from $56.00 to $65.00 in a research report on Monday, May 12th. TD Cowen lifted their price target on Monster Beverage from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Friday, May 9th. Finally, Citigroup upped their price objective on shares of Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Monster Beverage currently has a consensus rating of "Moderate Buy" and an average price target of $62.05.

Monster Beverage Trading Down 0.8%

NASDAQ:MNST traded down $0.48 during trading hours on Friday, hitting $62.57. 3,783,578 shares of the stock were exchanged, compared to its average volume of 5,999,383. The company has a market capitalization of $61.02 billion, a P/E ratio of 41.16, a price-to-earnings-growth ratio of 2.23 and a beta of 0.59. 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 company's 50 day moving average is $62.28 and its two-hundred day moving average is $56.41. Monster Beverage Corporation has a twelve month low of $43.32 and a twelve month high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $0.42 earnings per share. The company's revenue was down 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In other Monster Beverage news, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction 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 sale, the chief financial officer owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Emelie Tirre sold 8,796 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the transaction, the insider directly owned 89,501 shares in the company, valued at approximately $5,590,232.46. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.30% of the company's stock.

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.