Cullen Frost Bankers Inc. cut its position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,877 shares of the company's stock after selling 28,324 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Monster Beverage were worth $9,139,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Monster Beverage by 62.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares during the last quarter. Spire Wealth Management purchased a new stake in Monster Beverage during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new position in Monster Beverage in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Monster Beverage in the fourth quarter worth approximately $31,000. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Monster Beverage during the fourth quarter valued at approximately $33,000. 72.36% of the stock is owned by hedge funds and other institutional investors.
Monster Beverage Price Performance
Shares of MNST traded up $0.70 during mid-day trading on Monday, hitting $55.77. 8,909,541 shares of the stock were exchanged, compared to its average volume of 6,770,919. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.51 and a current ratio of 3.13. The company has a market cap of $54.27 billion, a PE ratio of 35.75, a price-to-earnings-growth ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 52-week low of $43.32 and a 52-week high of $61.22. The firm has a 50-day moving average of $50.55 and a two-hundred day moving average of $51.51.
Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). Monster Beverage had a net margin of 21.66% and a return on equity of 23.31%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, equities analysts predict that Monster Beverage Co. will post 1.62 earnings per share for the current year.
Insider Buying and Selling at Monster Beverage
In other news, CFO Thomas J. Kelly sold 10,000 shares of Monster Beverage stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $52.65, for a total value of $526,500.00. Following the transaction, the chief financial officer now owns 74,924 shares of the company's stock, valued at $3,944,748.60. The trade was a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 91,316 shares of the stock in a transaction dated 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 owns 76,201 shares of the company's stock, valued at approximately $4,220,011.38. This trade represents a 54.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the stock. BNP Paribas reduced their price target on shares of Monster Beverage from $46.00 to $45.00 and set an "underperform" rating for the company in a research note on Thursday, December 19th. JPMorgan Chase & Co. upped their price target on shares of Monster Beverage from $51.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Citigroup raised their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Needham & Company LLC reiterated a "hold" rating on shares of Monster Beverage in a research report on Friday, February 28th. Finally, TD Cowen boosted their price objective on shares of Monster Beverage from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Monster Beverage currently has an average rating of "Hold" and a consensus price target of $55.83.
Read Our Latest Stock Analysis on MNST
Monster Beverage Company Profile
(
Free Report)
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.
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