GYL Financial Synergies LLC Trims Stake in Monster Beverage Corp (NASDAQ:MNST)

GYL Financial Synergies LLC lowered its holdings in Monster Beverage Corp (NASDAQ:MNST) by 7.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,005 shares of the company’s stock after selling 481 shares during the quarter. GYL Financial Synergies LLC’s holdings in Monster Beverage were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Marshall Wace LLP grew its position in shares of Monster Beverage by 821.2% in the first quarter. Marshall Wace LLP now owns 281,457 shares of the company’s stock valued at $15,362,000 after purchasing an additional 250,904 shares during the last quarter. Thor Advisors LLC acquired a new position in shares of Monster Beverage in the first quarter valued at approximately $74,000. Westwood Holdings Group Inc. grew its position in shares of Monster Beverage by 141.8% in the first quarter. Westwood Holdings Group Inc. now owns 70,188 shares of the company’s stock valued at $3,831,000 after purchasing an additional 41,164 shares during the last quarter. Trexquant Investment LP grew its position in shares of Monster Beverage by 68.1% in the first quarter. Trexquant Investment LP now owns 172,764 shares of the company’s stock valued at $9,429,000 after purchasing an additional 70,016 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Monster Beverage by 528,634.5% during the first quarter. Lazard Asset Management LLC now owns 153,333 shares of the company’s stock worth $8,368,000 after buying an additional 153,304 shares in the last quarter. 66.58% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:MNST traded up $0.20 during trading hours on Friday, hitting $65.00. 1,606,364 shares of the company were exchanged, compared to its average volume of 2,250,908. The company has a market cap of $35.22 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33. Monster Beverage Corp has a one year low of $47.74 and a one year high of $66.38. The business’s fifty day moving average is $63.75.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, May 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $946.00 million during the quarter, compared to analyst estimates of $919.49 million. During the same period last year, the company earned $0.38 EPS. Monster Beverage’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities analysts expect that Monster Beverage Corp will post 2.09 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on MNST shares. UBS Group set a $125.00 price target on Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. Macquarie set a $325.00 price target on Arista Networks and gave the stock a “buy” rating in a research report on Friday, May 3rd. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Co raised their target price on American Woodmark from $70.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, May 29th. Finally, Credit Suisse Group set a $77.00 target price on Monster Beverage and gave the company a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Monster Beverage presently has an average rating of “Hold” and an average target price of $64.17.

In other news, insider Emelie Tirre sold 24,762 shares of Monster Beverage stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $62.70, for a total value of $1,552,577.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Guy Carling sold 24,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $65.82, for a total value of $1,579,680.00. Following the completion of the sale, the insider now owns 33,535 shares of the company’s stock, valued at $2,207,273.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 443,103 shares of company stock valued at $27,415,776. Corporate insiders own 10.20% of the company’s stock.

Monster Beverage 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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Institutional Ownership by Quarter for Monster Beverage (NASDAQ:MNST)

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