Fulton Bank N.A. Sells 1,351 Shares of Monster Beverage Co. (NASDAQ:MNST)

Fulton Bank N.A. lowered its holdings in Monster Beverage Co. (NASDAQ:MNST) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,541 shares of the company’s stock after selling 1,351 shares during the quarter. Fulton Bank N.A.’s holdings in Monster Beverage were worth $976,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Monster Beverage by 9.9% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock valued at $124,000 after purchasing an additional 189 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Monster Beverage by 5.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,317 shares of the company’s stock valued at $256,000 after purchasing an additional 209 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Monster Beverage by 3.7% in the 4th quarter. CENTRAL TRUST Co now owns 5,908 shares of the company’s stock valued at $340,000 after purchasing an additional 213 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in shares of Monster Beverage by 1.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock valued at $789,000 after purchasing an additional 226 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Monster Beverage by 4.6% in the 4th quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock valued at $300,000 after purchasing an additional 227 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MNST. Morgan Stanley reduced their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price objective on shares of Monster Beverage in a research note on Monday, July 1st. Roth Mkm reduced their price objective on shares of Monster Beverage from $59.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, June 12th. Truist Financial lowered shares of Monster Beverage from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $65.00 to $46.00 in a research note on Thursday, April 25th. Finally, UBS Group reduced their price objective on shares of Monster Beverage from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Monster Beverage has a consensus rating of “Hold” and a consensus target price of $59.33.

Monster Beverage Trading Up 0.7 %

Shares of MNST stock traded up $0.33 during trading hours on Tuesday, hitting $50.80. The company’s stock had a trading volume of 5,145,777 shares, compared to its average volume of 7,266,758. The company has a 50 day moving average of $50.43 and a 200 day moving average of $54.04. The stock has a market cap of $52.92 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. Monster Beverage Co. has a 12-month low of $47.13 and a 12-month high of $61.22.

Insider Activity

In related news, Director Mark J. Hall sold 250,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the sale, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mark J. Hall sold 250,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the sale, the director now directly owns 532,754 shares of the company’s stock, valued at $27,820,413.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Vidergauz sold 15,077 shares of the company’s stock in a transaction 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 owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. Insiders have sold 307,221 shares of company stock valued at $16,070,374 in the last ninety days. Insiders own 7.80% 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.