Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. lessened its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,991,882 shares of the company's stock after selling 35,457 shares during the quarter. Natixis Advisors L.P. owned 0.19% of Monster Beverage worth $114,751,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in Monster Beverage in the 3rd quarter worth about $26,000. Headinvest LLC purchased a new position in Monster Beverage during the 3rd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Monster Beverage during the 3rd quarter valued at about $31,000. Catalyst Capital Advisors LLC increased its position in Monster Beverage by 34.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company's stock valued at $41,000 after purchasing an additional 199 shares during the period. Finally, DT Investment Partners LLC purchased a new position in Monster Beverage during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analysts Set New Price Targets

MNST has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Monster Beverage from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Monday. BMO Capital Markets raised their target price on shares of Monster Beverage from $57.00 to $58.00 and gave the company a "market perform" rating in a research report on Wednesday, January 17th. Truist Financial downgraded shares of Monster Beverage from a "buy" rating to a "sell" rating and cut their target price for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Morgan Stanley raised their target price on shares of Monster Beverage from $63.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Monster Beverage from $62.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Monster Beverage has a consensus rating of "Moderate Buy" and a consensus price target of $61.68.

Monster Beverage Stock Performance

Shares of Monster Beverage stock traded down $0.15 during trading on Thursday, hitting $53.39. 6,283,014 shares of the company's stock were exchanged, compared to its average volume of 5,411,268. The business has a 50-day simple moving average of $56.84 and a 200-day simple moving average of $55.73. Monster Beverage Co. has a 52-week low of $47.13 and a 52-week high of $61.22. The stock has a market capitalization of $55.62 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.19 and a beta of 0.74.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.90 billion. During the same period last year, the business earned $0.38 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Monster Beverage Co. will post 1.8 earnings per share for the current fiscal year.

Insider Activity at Monster Beverage

In related news, Director Mark J. Hall sold 659,000 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now owns 777,840 shares in the company, valued at $45,542,532. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.40% of the stock is owned by company insiders.

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.