Savoir Faire Capital Management L.P. Reduces Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Savoir Faire Capital Management L.P. reduced its holdings in shares of Monster Beverage Co. (NASDAQ:MNST) by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,749 shares of the company’s stock after selling 33,201 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in Monster Beverage were worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Monster Beverage in the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new position in Monster Beverage in the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new position in Monster Beverage in the fourth quarter worth about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $59.65 on Friday. The stock’s 50 day moving average price is $53.00 and its 200 day moving average price is $52.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock has a market cap of $58.05 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.28 and a beta of 0.71. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $60.34.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 27th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts anticipate that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of Monster Beverage in a research report on Friday, February 28th. Morgan Stanley raised their price target on shares of Monster Beverage from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Citigroup boosted their price objective on shares of Monster Beverage from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $59.00 target price on shares of Monster Beverage in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Monster Beverage has an average rating of “Hold” and an average target price of $56.11.

Insider Buying and Selling

In other news, CFO Thomas J. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the sale, the chief financial officer now directly owns 72,273 shares of the company’s stock, valued at $3,994,528.71. The trade was a 12.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Hall sold 12,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total value of $654,000.00. Following the completion of the transaction, the director now owns 296,846 shares of the company’s stock, valued at $16,178,107. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 208,316 shares of company stock worth $11,484,440 in the last ninety days. 7.80% of the stock is currently owned by corporate insiders.

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.