Natixis Advisors LLC Sells 58,441 Shares of Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors LLC trimmed its holdings in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,944,892 shares of the company's stock after selling 58,441 shares during the period. Natixis Advisors LLC owned approximately 0.19% of Monster Beverage worth $97,147,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Monster Beverage by 1.7% during the first quarter. Vanguard Group Inc. now owns 64,741,352 shares of the company's stock valued at $3,837,867,000 after purchasing an additional 1,059,042 shares during the period. Clearbridge Investments LLC boosted its position in shares of Monster Beverage by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 11,659,619 shares of the company's stock valued at $691,182,000 after purchasing an additional 37,391 shares during the period. Janus Henderson Group PLC boosted its position in shares of Monster Beverage by 4.1% in the 1st quarter. Janus Henderson Group PLC now owns 11,209,122 shares of the company's stock valued at $664,469,000 after purchasing an additional 440,962 shares during the period. Capital Research Global Investors boosted its position in shares of Monster Beverage by 40.6% in the 4th quarter. Capital Research Global Investors now owns 10,478,380 shares of the company's stock valued at $603,659,000 after purchasing an additional 3,026,657 shares during the period. Finally, Norges Bank acquired a new position in shares of Monster Beverage in the 4th quarter valued at $517,035,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of Monster Beverage stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the transaction, the director now directly owns 532,754 shares of the company's stock, valued at approximately $27,820,413.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of Monster Beverage stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the transaction, the director now directly owns 532,754 shares of the company's stock, valued at approximately $27,820,413.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the transaction, the director now directly owns 68,167 shares in the company, valued at $3,534,458.95. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock valued at $16,070,374 in the last three months. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Monster Beverage from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Bank of America decreased their price objective on Monster Beverage from $62.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus decreased their price objective on Monster Beverage from $63.00 to $57.00 and set a "buy" rating for the company in a research report on Monday, June 17th. Piper Sandler decreased their price objective on Monster Beverage from $59.00 to $46.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company decreased their price objective on Monster Beverage from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Monster Beverage currently has an average rating of "Moderate Buy" and an average target price of $55.85.

Monster Beverage Stock Performance

Shares of MNST stock traded up $0.13 during trading on Friday, reaching $47.13. The company had a trading volume of 5,420,830 shares, compared to its average volume of 7,153,250. The firm's 50 day simple moving average is $49.10 and its two-hundred day simple moving average is $52.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.41 and a quick ratio of 2.69. Monster Beverage Co. has a one year low of $43.32 and a one year high of $61.22. The company has a market capitalization of $46.17 billion, a PE ratio of 29.64, a PEG ratio of 2.18 and a beta of 0.76.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $2.01 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 22.23%. The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. Sell-side analysts forecast that Monster Beverage Co. will post 1.66 earnings per share 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.