Savant Capital LLC Has $1.63 Million Stake in Monster Beverage Corporation $MNST

Savant Capital LLC reduced its stake in Monster Beverage Corporation (NASDAQ:MNST) by 53.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,186 shares of the company’s stock after selling 28,221 shares during the quarter. Savant Capital LLC’s holdings in Monster Beverage were worth $1,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MNST. Access Investment Management LLC acquired a new stake in shares of Monster Beverage in the second quarter worth $25,000. Physician Wealth Advisors Inc. grew its stake in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after buying an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Monster Beverage in the 3rd quarter worth $27,000. Salomon & Ludwin LLC acquired a new position in Monster Beverage during the 2nd quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after acquiring an additional 415 shares during the period. Institutional investors own 72.36% of the company’s stock.

Wall Street Analyst Weigh In

MNST has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $82.00 price objective on Monster Beverage and gave the stock a “buy” rating in a research note on Friday, December 12th. Morgan Stanley reaffirmed an “overweight” rating and issued a $96.00 price target (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. Evercore upped their price target on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $73.00 target price (up previously from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Finally, TD Cowen reiterated a “hold” rating on shares of Monster Beverage in a research note on Thursday, January 8th. Fourteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.71.

Monster Beverage Stock Up 1.0%

NASDAQ:MNST opened at $82.54 on Monday. The firm has a market capitalization of $80.64 billion, a PE ratio of 46.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.45. Monster Beverage Corporation has a 12-month low of $46.19 and a 12-month high of $83.24. The firm has a 50-day moving average price of $77.52 and a 200 day moving average price of $70.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. On average, research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Activity

In related news, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the transaction, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 274,981 shares of company stock worth $20,138,516. Corporate insiders own 7.80% of the company’s stock.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.