EPG Wealth Management LLC Sells 3,000 Shares of Monster Beverage Corporation $MNST

EPG Wealth Management LLC decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,780 shares of the company’s stock after selling 3,000 shares during the period. EPG Wealth Management LLC’s holdings in Monster Beverage were worth $1,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Monster Beverage by 1.8% during the first quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock worth $3,791,313,000 after purchasing an additional 1,151,175 shares during the period. Invesco Ltd. raised its stake in shares of Monster Beverage by 6.6% in the first quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after acquiring an additional 563,353 shares during the last quarter. Ninety One UK Ltd raised its stake in shares of Monster Beverage by 4.9% in the second quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company’s stock valued at $560,282,000 after acquiring an additional 418,918 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Monster Beverage in the first quarter valued at approximately $497,157,000. Finally, Northern Trust Corp increased its holdings in shares of Monster Beverage by 1.0% in the first quarter. Northern Trust Corp now owns 7,431,658 shares of the company’s stock valued at $434,901,000 after purchasing an additional 73,737 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $66.83 on Monday. The company’s 50-day moving average price is $66.05 and its two-hundred day moving average price is $63.19. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72. The stock has a market capitalization of $65.25 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. On average, analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of analyst reports. Rothschild & Co Redburn lowered shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a report on Wednesday, July 9th. Stifel Nicolaus boosted their price target on shares of Monster Beverage from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Monster Beverage from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Roth Capital reaffirmed a “neutral” rating and issued a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Finally, Citigroup reissued a “buy” rating and set a $79.00 price target (up from $76.00) on shares of Monster Beverage in a research report on Thursday, October 9th. Thirteen investment 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.10.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total value of $637,300.00. Following the sale, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Monster Beverage 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.