Vontobel Holding Ltd. Sells 10,942 Shares of Monster Beverage Corporation $MNST

Vontobel Holding Ltd. lessened its position in Monster Beverage Corporation (NASDAQ:MNST) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,050 shares of the company’s stock after selling 10,942 shares during the period. Vontobel Holding Ltd.’s holdings in Monster Beverage were worth $4,388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Monster Beverage by 23.1% during the first quarter. Farther Finance Advisors LLC now owns 7,400 shares of the company’s stock valued at $437,000 after purchasing an additional 1,390 shares during the period. GAMMA Investing LLC lifted its position in Monster Beverage by 2.2% during the first quarter. GAMMA Investing LLC now owns 21,433 shares of the company’s stock valued at $1,254,000 after purchasing an additional 460 shares during the period. Simplicity Wealth LLC lifted its position in Monster Beverage by 14.6% during the first quarter. Simplicity Wealth LLC now owns 4,481 shares of the company’s stock valued at $262,000 after purchasing an additional 570 shares during the period. Integrated Advisors Network LLC bought a new position in Monster Beverage during the first quarter valued at approximately $203,000. Finally, CX Institutional lifted its position in Monster Beverage by 6.4% during the first quarter. CX Institutional now owns 6,885 shares of the company’s stock valued at $403,000 after purchasing an additional 416 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $69.62 on Friday. The firm has a fifty day moving average price of $64.31 and a 200-day moving average price of $61.96. The stock has a market cap of $67.98 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.54. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $70.06.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share. On average, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MNST. Redburn Atlantic downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and lowered their price objective for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Morgan Stanley increased their price objective on shares of Monster Beverage from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group upped their target price on shares of Monster Beverage from $67.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Monster Beverage from $67.00 to $72.00 and gave the company a “buy” rating in a report on Friday, June 13th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $60.00 target price (up from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and an average target price of $66.05.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares of the company’s stock, valued at $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by company insiders.

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.