Monster Beverage Corporation $MNST Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 55.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,930 shares of the company’s stock after selling 7,456 shares during the period. Union Bancaire Privee UBP SA’s holdings in Monster Beverage were worth $423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in MNST. Harbor Investment Advisory LLC lifted its holdings in Monster Beverage by 136.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares in the last quarter. MV Capital Management Inc. acquired a new position in shares of Monster Beverage during the 4th quarter worth about $30,000. Kemnay Advisory Services Inc. acquired a new position in shares of Monster Beverage during the 4th quarter worth about $35,000. Finally, Triumph Capital Management purchased a new position in Monster Beverage in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the sale, the insider owned 71,763 shares of the company’s stock, valued at $6,152,959.62. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Guy Carling sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $90.90, for a total value of $1,727,100.00. Following the completion of the sale, the chief executive officer directly owned 21,863 shares in the company, valued at approximately $1,987,346.70. The trade was a 46.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 178,700 shares of company stock valued at $15,457,562 in the last ninety days. Insiders own 8.10% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST opened at $96.38 on Monday. The firm has a market capitalization of $94.26 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 3.17 and a beta of 0.54. Monster Beverage Corporation has a 1-year low of $58.09 and a 1-year high of $97.87. The company’s 50-day moving average is $85.97 and its two-hundred day moving average is $80.63.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. As a group, equities analysts anticipate that Monster Beverage Corporation will post 2.31 earnings per share for the current fiscal year.

Monster Beverage declared that its board has initiated a stock buyback program on Friday, May 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently issued reports on MNST. TD Cowen lowered their price objective on Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 20th. UBS Group restated a “neutral” rating and issued a $84.00 target price (up from $80.00) on shares of Monster Beverage in a research report on Friday, May 8th. Argus lifted their price target on Monster Beverage from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Morgan Stanley set a $103.00 price target on Monster Beverage and gave the stock an “overweight” rating in a research report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and an average price target of $89.35.

About Monster Beverage

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.