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

Natixis Advisors LLC decreased its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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.

Several other institutional investors and hedge funds also recently made changes to their positions in MNST. Norges Bank bought a new stake in shares of Monster Beverage during the 4th quarter valued at $517,035,000. Ninety One UK Ltd grew its holdings in shares of Monster Beverage by 93.9% in the 2nd quarter. Ninety One UK Ltd now owns 7,477,852 shares of the company’s stock valued at $373,519,000 after buying an additional 3,620,436 shares during the period. Capital Research Global Investors grew its holdings 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 buying an additional 3,026,657 shares during the period. TD Asset Management Inc grew its holdings in shares of Monster Beverage by 143.8% in the 4th quarter. TD Asset Management Inc now owns 3,209,873 shares of the company’s stock valued at $184,921,000 after buying an additional 1,893,064 shares during the period. Finally, AMF Tjanstepension AB acquired a new position in shares of Monster Beverage in the 2nd quarter valued at $81,757,000. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the 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 directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Monster Beverage news, CEO Hilton H. Schlosberg sold 42,144 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total value of $2,233,632.00. Following the transaction, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark Vidergauz sold 15,077 shares of the firm’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 transaction of $781,742.45. Following 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. 7.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MNST has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Roth Mkm reduced their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. reduced their target price on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. TD Cowen reduced their target price on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Monday, July 15th. Finally, Bank of America reduced their target price on shares of Monster Beverage from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Two 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.85.

Monster Beverage Stock Performance

Shares of MNST stock traded up $0.13 on Friday, reaching $47.13. The stock had a trading volume of 5,420,830 shares, compared to its average volume of 7,153,250. The company has a quick ratio of 2.69, a current ratio of 3.41 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $49.10 and its two-hundred day moving average is $52.90. The firm has a market capitalization of $46.17 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.18 and a beta of 0.76. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm 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 for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. On average, research analysts expect that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

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.