Machina Capital S.A.S. cut its position in shares of Monster Beverage Corp (NASDAQ:MNST) by 64.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,798 shares of the company’s stock after selling 25,446 shares during the quarter. Machina Capital S.A.S.’s holdings in Monster Beverage were worth $881,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of MNST. Geode Capital Management LLC lifted its holdings in shares of Monster Beverage by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 5,335,460 shares of the company’s stock worth $262,159,000 after purchasing an additional 289,340 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $527,000. Teacher Retirement System of Texas lifted its holdings in shares of Monster Beverage by 154.4% in the 4th quarter. Teacher Retirement System of Texas now owns 214,022 shares of the company’s stock worth $10,534,000 after purchasing an additional 129,897 shares during the last quarter. Actinver Wealth Management Inc. bought a new stake in shares of Monster Beverage in the 4th quarter worth approximately $239,000. Finally, First Hawaiian Bank lifted its holdings in shares of Monster Beverage by 1.5% in the 1st quarter. First Hawaiian Bank now owns 13,580 shares of the company’s stock worth $741,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 66.36% of the company’s stock.
In related news, insider Guy Carling sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.82, for a total value of $1,579,680.00. Following the sale, the insider now directly owns 33,535 shares in the company, valued at approximately $2,207,273.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark J. Hall sold 394,341 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $61.58, for a total value of $24,283,518.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 443,103 shares of company stock worth $27,415,776. 10.20% of the stock is owned by insiders.
MNST traded down $0.52 during trading hours on Wednesday, hitting $64.99. The company’s stock had a trading volume of 13,570 shares, compared to its average volume of 1,909,774. Monster Beverage Corp has a fifty-two week low of $47.74 and a fifty-two week high of $66.38. The stock has a market capitalization of $35.44 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 2.19 and a beta of 1.33. The business’s 50-day moving average is $64.17.
Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, May 2nd. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Monster Beverage had a return on equity of 28.35% and a net margin of 26.61%. The firm had revenue of $946.00 million for the quarter, compared to analysts’ expectations of $919.49 million. During the same period last year, the firm earned $0.38 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts forecast that Monster Beverage Corp will post 2.09 earnings per share for the current year.
Monster Beverage Company Profile
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. It operates through three segments: Monster Energy Drinks, Strategic Brands, and Other. The company offers ready-to-drink packaged energy drinks, carbonated energy drinks, non-carbonated dairy based coffee and energy drinks, non-carbonated energy shakes, and non-carbonated energy drinks primarily to bottlers and full service beverage distributors, as well as sells directly to retail grocery and specialty chains, wholesalers, club stores, drug stores, mass merchandisers, convenience chains, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations.
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