BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 715,510 Shares of Monster Beverage Co. (NASDAQ:MNST)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in Monster Beverage Co. (NASDAQ:MNST) by 92.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,359 shares of the company’s stock after selling 715,510 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Monster Beverage were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Consulting LLC acquired a new position in shares of Monster Beverage during the 2nd quarter valued at $26,000. Crossmark Global Holdings Inc. raised its holdings in shares of Monster Beverage by 0.4% during the second quarter. Crossmark Global Holdings Inc. now owns 48,726 shares of the company’s stock valued at $2,434,000 after purchasing an additional 211 shares during the period. Crewe Advisors LLC boosted its position in shares of Monster Beverage by 37.5% during the 2nd quarter. Crewe Advisors LLC now owns 850 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares in the last quarter. Defender Capital LLC. grew its stake in shares of Monster Beverage by 14.8% in the 2nd quarter. Defender Capital LLC. now owns 435,486 shares of the company’s stock valued at $21,753,000 after buying an additional 56,079 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Monster Beverage by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,963 shares of the company’s stock valued at $6,991,000 after buying an additional 5,206 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

In other news, CEO Hilton H. Schlosberg sold 42,144 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $53.00, for a total transaction of $2,233,632.00. Following the completion of the sale, the chief executive officer now owns 1,875,558 shares in the company, valued at approximately $99,404,574. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Hilton H. Schlosberg sold 42,144 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,875,558 shares of the company’s stock, valued at approximately $99,404,574. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Vidergauz sold 15,077 shares of Monster Beverage stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the completion of the sale, the director now directly owns 68,167 shares of the company’s stock, valued at approximately $3,534,458.95. The disclosure for this sale can be found here. Insiders have sold a total of 307,221 shares of company stock worth $16,070,374 over the last three months. 7.80% of the stock is currently owned by insiders.

Monster Beverage Stock Up 0.3 %

MNST stock opened at $47.13 on Monday. The stock has a market cap of $46.17 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.18 and a beta of 0.76. The company has a current ratio of 3.41, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $49.10 and its two-hundred day simple moving average is $52.88. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $61.22.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Monster Beverage had a return on equity of 22.23% and a net margin of 22.84%. Monster Beverage’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Analysts expect that Monster Beverage Co. will post 1.66 EPS for the current year.

Analyst Ratings Changes

MNST has been the subject of a number of research reports. Evercore ISI reduced their price objective on Monster Beverage from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Monster Beverage from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Monster Beverage from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen dropped their price objective on shares of Monster Beverage from $60.00 to $55.00 and set a “hold” rating on the stock in a research note on Monday, July 15th. Finally, BMO Capital Markets decreased their target price on shares of Monster Beverage from $56.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.85.

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.