Monster Beverage Co. (NASDAQ:MNST) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Monster Beverage Co. (NASDAQ:MNST) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,194 shares of the company’s stock after selling 36,086 shares during the period. Yousif Capital Management LLC’s holdings in Monster Beverage were worth $4,678,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. DAVENPORT & Co LLC increased its holdings in Monster Beverage by 14.0% in the third quarter. DAVENPORT & Co LLC now owns 5,945 shares of the company’s stock valued at $315,000 after buying an additional 729 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Monster Beverage by 101.6% in the third quarter. Exchange Traded Concepts LLC now owns 18,384 shares of the company’s stock valued at $973,000 after buying an additional 9,264 shares during the last quarter. Czech National Bank increased its holdings in Monster Beverage by 43.7% in the third quarter. Czech National Bank now owns 129,991 shares of the company’s stock valued at $6,883,000 after buying an additional 39,522 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Monster Beverage by 0.8% in the third quarter. Asset Management One Co. Ltd. now owns 400,818 shares of the company’s stock valued at $21,223,000 after buying an additional 3,061 shares during the last quarter. Finally, Apeiron RIA LLC increased its holdings in Monster Beverage by 4.1% in the third quarter. Apeiron RIA LLC now owns 6,716 shares of the company’s stock valued at $356,000 after buying an additional 266 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the completion of the sale, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.40% of the company’s stock.

Monster Beverage Stock Up 0.4 %

Shares of NASDAQ:MNST opened at $53.37 on Friday. The company has a market cap of $55.54 billion, a P/E ratio of 34.43, a PEG ratio of 2.17 and a beta of 0.72. Monster Beverage Co. has a 52 week low of $47.13 and a 52 week high of $61.22. The company has a 50-day moving average price of $56.97 and a 200 day moving average price of $55.60.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. Monster Beverage had a net margin of 22.84% and a return on equity of 20.95%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Analysts expect that Monster Beverage Co. will post 1.81 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on MNST shares. BMO Capital Markets raised their price objective on Monster Beverage from $57.00 to $58.00 and gave the stock a “market perform” rating in a report on Wednesday, January 17th. UBS Group raised their price objective on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Monday, February 26th. Morgan Stanley raised their price objective on Monster Beverage from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Finally, Citigroup raised their price objective on Monster Beverage from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and an average target price of $61.79.

Monster Beverage 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.