Natixis Advisors L.P. Sells 35,457 Shares of Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors L.P. trimmed its holdings in Monster Beverage Co. (NASDAQ:MNST) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,991,882 shares of the company’s stock after selling 35,457 shares during the period. Natixis Advisors L.P.’s holdings in Monster Beverage were worth $114,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MNST. Peoples Bank KS purchased a new stake in shares of Monster Beverage in the third quarter worth about $26,000. Headinvest LLC bought a new stake in Monster Beverage during the 3rd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Monster Beverage in the 3rd quarter worth approximately $31,000. Catalyst Capital Advisors LLC boosted its holdings in Monster Beverage by 34.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 774 shares of the company’s stock valued at $41,000 after purchasing an additional 199 shares during the period. Finally, DT Investment Partners LLC purchased a new position in shares of Monster Beverage during the 3rd quarter valued at $53,000. Institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several research analyst reports. Truist Financial lowered Monster Beverage from a “buy” rating to a “sell” rating and dropped their price objective for the company from $65.00 to $46.00 in a research note on Thursday, April 25th. Royal Bank of Canada lifted their target price on shares of Monster Beverage from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. HSBC cut their price target on shares of Monster Beverage from $72.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, March 6th. BMO Capital Markets raised their price objective on shares of Monster Beverage from $57.00 to $58.00 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. Finally, Jefferies Financial Group upped their target price on shares of Monster Beverage from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $61.68.

Monster Beverage Trading Up 0.1 %

MNST stock traded up $0.04 during midday trading on Thursday, hitting $53.58. The company had a trading volume of 2,829,796 shares, compared to its average volume of 5,369,947. The stock has a market cap of $55.82 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.19 and a beta of 0.74. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The stock’s 50 day moving average price is $56.88 and its 200 day moving average price is $55.75.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Analysts predict that Monster Beverage Co. will post 1.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mark J. Hall sold 659,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the transaction, the director now directly owns 777,840 shares of the company’s stock, valued at $45,542,532. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.40% of the company’s stock.

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.