Monster Beverage Corporation $MNST Stock Position Cut by Capital International Inc. CA

Capital International Inc. CA trimmed its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,339 shares of the company’s stock after selling 24,184 shares during the quarter. Capital International Inc. CA’s holdings in Monster Beverage were worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MNST. Norges Bank acquired a new position in Monster Beverage during the second quarter worth about $544,584,000. Schroder Investment Management Group lifted its holdings in Monster Beverage by 4,877.8% in the 2nd quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock valued at $456,262,000 after acquiring an additional 7,137,552 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Monster Beverage by 467.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after purchasing an additional 5,641,160 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after purchasing an additional 2,122,685 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Monster Beverage by 1,126.9% in the 2nd quarter. Marshall Wace LLP now owns 2,121,758 shares of the company’s stock worth $132,907,000 after purchasing an additional 1,948,827 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.80% of the company’s stock.

Monster Beverage Trading Up 1.3%

Shares of NASDAQ MNST opened at $76.70 on Wednesday. Monster Beverage Corporation has a one year low of $54.00 and a one year high of $87.38. The firm has a market capitalization of $74.94 billion, a PE ratio of 39.54, a PEG ratio of 2.45 and a beta of 0.44. The business has a 50-day moving average price of $80.13 and a two-hundred day moving average price of $73.20.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MNST shares. BMO Capital Markets reissued a “market perform” rating and set a $73.00 target price (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, January 16th. Royal Bank Of Canada upped their price target on Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. TD Cowen increased their price objective on Monster Beverage from $80.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Monster Beverage 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.