Americana Partners LLC Has $232,000 Stock Position in Monster Beverage Corporation $MNST

Americana Partners LLC cut its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 66.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,444 shares of the company’s stock after selling 6,796 shares during the period. Americana Partners LLC’s holdings in Monster Beverage were worth $232,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Steigerwald Gordon & Koch Inc. bought a new position in Monster Beverage in the third quarter valued at about $27,000. Access Investment Management LLC bought a new stake in shares of Monster Beverage during the second quarter worth about $25,000. First Horizon Corp acquired a new position in shares of Monster Beverage in the third quarter valued at approximately $29,000. Salomon & Ludwin LLC bought a new position in Monster Beverage in the 2nd quarter valued at approximately $28,000. Finally, Armstrong Advisory Group Inc. raised its holdings in Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after buying an additional 146 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors.

Insider Activity at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the completion of the sale, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. The trade was a 63.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 274,981 shares of company stock valued at $20,138,516. 8.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MNST has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Morgan Stanley reissued an “overweight” rating and issued a $87.00 price objective (up previously from $81.00) on shares of Monster Beverage in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $81.00 target price (up from $75.00) on shares of Monster Beverage in a report on Monday, December 1st. Finally, Citigroup reiterated a “buy” rating and issued a $90.00 price target (up previously from $87.00) on shares of Monster Beverage in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.62.

Monster Beverage Price Performance

Shares of Monster Beverage stock opened at $81.60 on Thursday. The business has a 50-day simple moving average of $75.53 and a 200 day simple moving average of $68.33. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $81.76. The firm has a market capitalization of $79.72 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 2.13 and a beta of 0.46.

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

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.