Banco Bilbao Vizcaya Argentaria S.A. Sells 14,330 Shares of Monster Beverage Co. (NASDAQ:MNST)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,438 shares of the company's stock after selling 14,330 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Monster Beverage were worth $4,438,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock valued at $28,000 after acquiring an additional 203 shares in the last quarter. Spire Wealth Management acquired a new stake in Monster Beverage during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Monster Beverage in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Monster Beverage in the 4th quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $33,000. 72.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 48,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $54.89, for a total transaction of $2,634,720.00. Following the transaction, the director now owns 296,846 shares of the company's stock, valued at $16,293,876.94. The trade was a 13.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Emelie Tirre sold 91,316 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 of the company's stock, valued at approximately $4,220,011.38. The trade was a 54.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 208,316 shares of company stock worth $11,484,440. Insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MNST. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research note on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Monster Beverage from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Jefferies Financial Group upped their price objective on shares of Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Monster Beverage from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Truist Financial increased their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Monster Beverage currently has an average rating of "Hold" and a consensus target price of $58.39.

Monster Beverage Stock Up 1.3 %

MNST traded up $0.76 during trading on Tuesday, reaching $59.25. The company had a trading volume of 3,448,086 shares, compared to its average volume of 7,039,056. The company has a market cap of $57.66 billion, a P/E ratio of 37.98, a PEG ratio of 2.28 and a beta of 0.64. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.34. 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 business's fifty day moving average price is $56.59 and its 200 day moving average price is $53.53.

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

Monster Beverage Company 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.