Achmea Investment Management B.V. Has $22.78 Million Stock Position in Monster Beverage Corporation $MNST

Achmea Investment Management B.V. grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 1,296.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 363,683 shares of the company’s stock after purchasing an additional 337,639 shares during the period. Achmea Investment Management B.V.’s holdings in Monster Beverage were worth $22,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Access Investment Management LLC bought a new stake in shares of Monster Beverage during the second quarter worth about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Monster Beverage in the 2nd quarter worth about $28,000. Wayfinding Financial LLC acquired a new stake in shares of Monster Beverage in the 1st quarter worth about $29,000. Golden State Wealth Management LLC raised its holdings in shares of Monster Beverage by 647.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock worth $35,000 after acquiring an additional 479 shares during the last quarter. Finally, Webster Bank N. A. purchased a new stake in Monster Beverage in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Monster Beverage Price Performance

Shares of NASDAQ:MNST opened at $67.87 on Thursday. The firm has a fifty day moving average price of $66.36 and a two-hundred day moving average price of $63.34. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $70.72. The company has a market cap of $66.27 billion, a price-to-earnings ratio of 42.16, a PEG ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MNST shares. Wells Fargo & Company set a $73.00 price objective on shares of Monster Beverage and gave the company an “overweight” rating in a research note on Friday, August 8th. Citigroup restated a “buy” rating and set a $79.00 price target (up previously from $76.00) on shares of Monster Beverage in a research note on Thursday, October 9th. Piper Sandler upgraded shares of Monster Beverage from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $54.00 to $74.00 in a research note on Thursday, August 7th. Stifel Nicolaus raised their price target on shares of Monster Beverage from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, UBS Group restated a “neutral” rating on shares of Monster Beverage in a research note on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.48.

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.