ABN AMRO Bank N.V. Takes Position in Monster Beverage Corporation $MNST

ABN AMRO Bank N.V. bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 881,956 shares of the company’s stock, valued at approximately $59,170,000.

Other institutional investors also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new stake in shares of Monster Beverage in the second quarter valued at approximately $25,000. Physician Wealth Advisors Inc. raised its position in Monster Beverage by 508.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock valued at $25,000 after purchasing an additional 315 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new stake in Monster Beverage during the 3rd quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in Monster Beverage during the 2nd quarter worth $28,000. Finally, Newbridge Financial Services Group Inc. grew its position in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In other news, insider Guy Carling sold 38,438 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the transaction, the insider owned 21,993 shares in the company, valued at $1,568,760.69. This trade represents a 63.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 274,981 shares of company stock valued at $20,138,516 in the last ninety days. 8.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MNST. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Exane BNP Paribas raised Monster Beverage from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. The Goldman Sachs Group increased their price objective on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Finally, Argus upped their price target on Monster Beverage from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Fourteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus price target of $77.86.

Monster Beverage Price Performance

MNST opened at $81.44 on Thursday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $83.24. The stock has a market capitalization of $79.57 billion, a P/E ratio of 46.27, a P/E/G ratio of 2.13 and a beta of 0.45. The business has a 50 day simple moving average of $77.23 and a 200-day simple moving average of $69.82.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. Monster Beverage’s revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Monster Beverage Company Profile

Monster Beverage Corporation (NASDAQ: MNST) is an American beverage company best known for its Monster Energy brand of energy drinks. The company’s product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen’s Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.