Aptus Capital Advisors LLC Has $351,000 Stock Holdings in Monster Beverage Co. (NASDAQ:MNST)

Aptus Capital Advisors LLC lifted its position in Monster Beverage Co. (NASDAQ:MNST) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,034 shares of the company’s stock after purchasing an additional 328 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Monster Beverage were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MNST. Edmond DE Rothschild Holding S.A. grew its holdings in Monster Beverage by 9.9% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 2,097 shares of the company’s stock worth $124,000 after acquiring an additional 189 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake 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 during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Monster Beverage by 0.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock worth $2,434,000 after buying an additional 211 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of Monster Beverage by 1.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 13,307 shares of the company’s stock worth $789,000 after buying an additional 226 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Monster Beverage by 4.6% in the fourth quarter. Savant Capital LLC now owns 5,200 shares of the company’s stock valued at $300,000 after buying an additional 227 shares during the period. 72.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNST. BNP Paribas initiated coverage on Monster Beverage in a report on Monday, June 24th. They set an “underperform” rating and a $48.00 target price on the stock. Evercore ISI reduced their price objective on shares of Monster Beverage from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Piper Sandler lowered their target price on shares of Monster Beverage from $59.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price target on shares of Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Finally, Truist Financial lowered their price objective on shares of Monster Beverage from $46.00 to $40.00 and set a “sell” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.85.

Monster Beverage Trading Up 2.5 %

NASDAQ MNST opened at $48.30 on Wednesday. The company has a market cap of $50.32 billion, a PE ratio of 30.38, a PEG 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. The stock has a 50 day moving average of $49.02 and a 200-day moving average of $52.77. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.41 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. On average, equities research analysts anticipate that Monster Beverage Co. will post 1.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 15,077 shares of the company’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 sale, the director now owns 68,167 shares in the company, valued at $3,534,458.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other 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 $3,534,458.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hilton H. Schlosberg sold 42,144 shares of Monster Beverage stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the sale, the chief executive officer now directly owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 307,221 shares of company stock worth $16,070,374. Company insiders own 7.80% of the company’s stock.

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.