Yousif Capital Management LLC Has $4.68 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Yousif Capital Management LLC trimmed its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 30.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,194 shares of the company's stock after selling 36,086 shares during the period. Yousif Capital Management LLC's holdings in Monster Beverage were worth $4,678,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Delta Financial Advisors LLC increased its position in Monster Beverage by 0.9% in the 3rd quarter. Delta Financial Advisors LLC now owns 19,168 shares of the company's stock worth $1,015,000 after buying an additional 180 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Monster Beverage by 5.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,659 shares of the company's stock worth $211,000 after buying an additional 196 shares during the period. Catalyst Capital Advisors LLC increased its position in Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company's stock worth $41,000 after buying an additional 199 shares during the period. PFG Investments LLC increased its position in Monster Beverage by 2.6% in the 4th quarter. PFG Investments LLC now owns 7,761 shares of the company's stock worth $447,000 after buying an additional 199 shares during the period. Finally, Mainsail Financial Group LLC increased its position in Monster Beverage by 1.2% in the 3rd quarter. Mainsail Financial Group LLC now owns 18,169 shares of the company's stock worth $955,000 after buying an additional 211 shares during the period. 72.36% of the stock is owned by institutional investors.

Monster Beverage Stock Performance

Monster Beverage stock traded up $0.22 on Friday, reaching $53.37. The company's stock had a trading volume of 4,204,563 shares, compared to its average volume of 5,588,323. The company has a market cap of $55.54 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.17 and a beta of 0.72. The business's fifty day moving average price is $56.97 and its 200 day moving average price is $55.64. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business's revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Monster Beverage Co. will post 1.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark J. Hall sold 659,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now owns 777,840 shares of the company's stock, valued at $45,542,532. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MNST. Royal Bank of Canada lifted their price target on Monster Beverage from $60.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. BMO Capital Markets boosted their price objective on Monster Beverage from $57.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, January 17th. Jefferies Financial Group boosted their price objective on Monster Beverage from $66.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Morgan Stanley boosted their price objective on Monster Beverage from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Finally, Citigroup boosted their price objective on Monster Beverage from $63.00 to $69.00 and gave the company a "buy" rating in a research report on Wednesday, January 17th. One analyst has 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 data from MarketBeat, Monster Beverage has an average rating of "Moderate Buy" and an average target price of $61.79.

Monster Beverage 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.