Brown Advisory Inc. Has $664,000 Holdings in Monster Beverage Corporation (NASDAQ:MNST)

Brown Advisory Inc. cut its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,347 shares of the company’s stock after selling 620 shares during the period. Brown Advisory Inc.’s holdings in Monster Beverage were worth $664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in shares of Monster Beverage in the first quarter valued at approximately $29,000. Park Square Financial Group LLC acquired a new position in shares of Monster Beverage during the fourth quarter worth $36,000. Coppell Advisory Solutions LLC increased its holdings in shares of Monster Beverage by 259.2% during the fourth quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock worth $36,000 after buying an additional 495 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Monster Beverage by 28.6% during the first quarter. CVA Family Office LLC now owns 1,519 shares of the company’s stock worth $89,000 after buying an additional 338 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new stake in Monster Beverage in the fourth quarter valued at $101,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MNST shares. JPMorgan Chase & Co. increased their price objective on Monster Beverage from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 9th. The Goldman Sachs Group increased their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, June 13th. Morgan Stanley raised their price target on shares of Monster Beverage from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, June 12th. Roth Mkm raised their price target on shares of Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Finally, Rothschild & Co Redburn cut shares of Monster Beverage from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Monster Beverage currently has an average rating of “Hold” and a consensus price target of $61.87.

Insider Transactions at Monster Beverage

In other news, CFO Thomas J. Kelly sold 27,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the completion of the transaction, the chief financial officer owned 69,273 shares in the company, valued at $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Emelie Tirre sold 8,796 shares of Monster Beverage stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $62.46, for a total value of $549,398.16. Following the completion of the transaction, the insider owned 89,501 shares of the company’s stock, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is owned by company insiders.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $59.67 on Tuesday. Monster Beverage Corporation has a one year low of $43.32 and a one year high of $64.45. The stock’s fifty day moving average is $62.43 and its 200 day moving average is $56.89. The stock has a market cap of $58.19 billion, a P/E ratio of 39.26, a P/E/G ratio of 2.09 and a beta of 0.59. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.78 and a current ratio of 3.37.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. Sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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.