Monster Beverage Corporation $MNST Stock Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 100.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 413,000 shares of the company’s stock after buying an additional 206,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Monster Beverage were worth $17,189,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Monster Beverage during the 2nd quarter worth approximately $5,770,004,000. Bank of America Corp DE acquired a new stake in Monster Beverage in the second quarter valued at approximately $1,195,360,000. Jupiter Topco LLC acquired a new stake in Monster Beverage in the second quarter valued at approximately $593,075,000. Legal & General Group Plc purchased a new position in Monster Beverage in the second quarter worth $478,694,000. Finally, Bank of New York Mellon Corp purchased a new position in Monster Beverage in the second quarter worth $440,838,000. 72.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on MNST. Evercore increased their price objective on Monster Beverage from $47.50 to $52.50 and gave the company an “outperform” rating in a report on Friday, August 7th. Piper Sandler boosted their target price on Monster Beverage from $47.00 to $50.50 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Sanford C. Bernstein started coverage on Monster Beverage in a research report on Friday, June 12th. They set a “market perform” rating and a $47.50 target price on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $47.50 price target (up from $36.50) on shares of Monster Beverage in a research note on Monday, July 20th. Finally, UBS Group raised their price target on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a report on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.10.

Monster Beverage Price Performance

Shares of MNST opened at $43.65 on Friday. The company’s fifty day moving average price is $45.01 and its 200-day moving average price is $43.82. Monster Beverage Corporation has a 1-year low of $32.94 and a 1-year high of $50.17. The firm has a market capitalization of $85.51 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.80 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%.The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. As a group, research analysts anticipate that Monster Beverage Corporation will post 1.11 EPS for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company’s portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.