Moody National Bank Trust Division Has $1.51 Million Stock Holdings in Monster Beverage Corporation $MNST

Moody National Bank Trust Division lowered its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 32.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,723 shares of the company’s stock after selling 9,685 shares during the quarter. Moody National Bank Trust Division’s holdings in Monster Beverage were worth $1,512,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. DAVENPORT & Co LLC increased its position in Monster Beverage by 61.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,338 shares of the company’s stock worth $1,099,000 after acquiring an additional 5,444 shares during the period. E. Ohman J or Asset Management AB acquired a new stake in Monster Beverage in the 4th quarter worth about $1,509,000. Contravisory Investment Management Inc. bought a new stake in Monster Beverage in the 4th quarter valued at about $687,000. KWB Wealth acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $210,000. Finally, Avanza Fonder AB acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $982,000. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.3%

NASDAQ MNST opened at $73.21 on Thursday. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 37.74, a P/E/G ratio of 2.36 and a beta of 0.44. The firm’s 50 day simple moving average is $79.80 and its 200 day simple moving average is $74.10. Monster Beverage Corporation has a 1 year low of $54.73 and a 1 year high of $87.38.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

MNST has been the subject of a number of analyst reports. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, February 27th. TD Cowen upped their target price on Monster Beverage from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Argus increased their target price on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $83.95.

Monster Beverage Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.