Monster Beverage Corporation $MNST Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC decreased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,318 shares of the company’s stock after selling 169 shares during the period. Lmcg Investments LLC’s holdings in Monster Beverage were worth $1,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC increased its position in Monster Beverage by 1.0% during the second quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after purchasing an additional 174 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Monster Beverage by 4.0% in the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after acquiring an additional 189 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock worth $42,000 after acquiring an additional 196 shares in the last quarter. Blue Trust Inc. increased its position in shares of Monster Beverage by 6.7% in the second quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock worth $206,000 after acquiring an additional 207 shares in the last quarter. Finally, Conning Inc. increased its position in shares of Monster Beverage by 3.9% in the first quarter. Conning Inc. now owns 5,853 shares of the company’s stock worth $343,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling

In other Monster Beverage 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 transaction of $637,300.00. Following the transaction, the director directly owned 51,191 shares in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.30% of the stock is owned by company insiders.

Monster Beverage Trading Up 0.9%

MNST opened at $69.62 on Friday. The company has a fifty day simple moving average of $64.31 and a 200 day simple moving average of $61.98. The firm has a market cap of $67.98 billion, a price-to-earnings ratio of 43.24, a PEG ratio of 2.42 and a beta of 0.54. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $70.06.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MNST has been the subject of several recent research reports. UBS Group increased their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday. Citigroup reissued a “buy” rating and issued a $79.00 price objective (up previously from $76.00) on shares of Monster Beverage in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday. Finally, Piper Sandler raised shares of Monster Beverage from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $54.00 to $74.00 in a research report on Thursday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and a consensus target price of $66.05.

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.