Schonfeld Strategic Advisors LLC Sells 33,558 Shares of Monster Beverage Co. (NASDAQ:MNST)

Schonfeld Strategic Advisors LLC decreased its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 23.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 110,603 shares of the company's stock after selling 33,558 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Monster Beverage were worth $5,813,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Lido Advisors LLC grew its position in shares of Monster Beverage by 42.4% in the 4th quarter. Lido Advisors LLC now owns 35,978 shares of the company's stock valued at $1,891,000 after acquiring an additional 10,712 shares during the period. Northern Trust Corp boosted its holdings in Monster Beverage by 12.6% in the 4th quarter. Northern Trust Corp now owns 7,357,921 shares of the company's stock valued at $386,732,000 after purchasing an additional 825,489 shares during the period. Aquatic Capital Management LLC acquired a new stake in Monster Beverage during the fourth quarter worth approximately $3,177,000. Susquehanna Fundamental Investments LLC bought a new position in Monster Beverage during the 4th quarter worth $6,044,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Monster Beverage by 3.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 16,058 shares of the company's stock valued at $844,000 after acquiring an additional 598 shares during the period. Institutional investors own 72.36% of the company's stock.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark J. Hall sold 12,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emelie Tirre sold 91,316 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the sale, the insider now directly owns 76,201 shares in the company, valued at $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 7.80% of the company's stock.

Monster Beverage Trading Down 1.5 %

Monster Beverage stock traded down $0.89 during trading hours on Tuesday, reaching $60.02. The company had a trading volume of 5,255,544 shares, compared to its average volume of 6,982,774. The company has a 50-day moving average price of $57.37 and a 200 day moving average price of $53.77. Monster Beverage Co. has a 12-month low of $43.32 and a 12-month high of $61.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The firm has a market cap of $58.53 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MNST. Citigroup boosted their price target on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, April 14th. Wells Fargo & Company boosted their price objective on shares of Monster Beverage from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Monday. Royal Bank of Canada reiterated an "outperform" rating and issued a $59.00 target price on shares of Monster Beverage in a research report on Wednesday, January 22nd. 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 research note on Wednesday, April 23rd. Finally, Jefferies Financial Group boosted their target price on Monster Beverage from $68.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $58.89.

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.