Monster Beverage Co. (NASDAQ:MNST) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV boosted its position in Monster Beverage Co. (NASDAQ:MNST) by 50.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 100,367 shares of the company’s stock after acquiring an additional 33,478 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Monster Beverage were worth $5,013,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of Monster Beverage in the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in Monster Beverage during the fourth quarter worth approximately $27,000. Tortoise Investment Management LLC lifted its holdings in shares of Monster Beverage by 360.0% in the fourth quarter. Tortoise Investment Management LLC now owns 506 shares of the company’s stock valued at $29,000 after buying an additional 396 shares during the period. Crewe Advisors LLC acquired a new stake in Monster Beverage in the 1st quarter valued at about $37,000. Finally, Rise Advisors LLC boosted its stake in shares of Monster Beverage by 187.6% during the 1st quarter. Rise Advisors LLC now owns 716 shares of the company’s stock worth $42,000 after acquiring an additional 467 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monster Beverage

In other news, Director Mark Vidergauz sold 15,077 shares of the business’s 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 transaction, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark Vidergauz sold 15,077 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $51.85, for a total value of $781,742.45. Following the transaction, the director now owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark J. Hall sold 250,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 307,221 shares of company stock valued at $16,070,374. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Trading Down 2.2 %

MNST stock traded down $1.14 during trading on Monday, reaching $50.47. 5,728,754 shares of the stock were exchanged, compared to its average volume of 7,281,009. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22. The company has a market capitalization of $52.58 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. The stock has a 50 day simple moving average of $50.48 and a 200-day simple moving average of $54.09.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. Monster Beverage had a net margin of 22.83% and a return on equity of 20.74%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS. Equities analysts predict that Monster Beverage Co. will post 1.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup decreased their price objective on shares of Monster Beverage from $69.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Roth Mkm cut their target price on shares of Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Bank of America dropped their target price on Monster Beverage from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. UBS Group cut their price target on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, BNP Paribas initiated coverage on shares of Monster Beverage in a report on Monday, June 24th. They issued an “underperform” rating and a $48.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Monster Beverage presently has an average rating of “Hold” and a consensus target price of $59.33.

About Monster Beverage

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.