Monster Beverage Corporation $MNST Shares Acquired by Candriam S.C.A.

Candriam S.C.A. boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 76.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,238 shares of the company’s stock after buying an additional 58,400 shares during the quarter. Candriam S.C.A.’s holdings in Monster Beverage were worth $5,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CI Investments Inc. raised its position in shares of Monster Beverage by 3.5% during the first quarter. CI Investments Inc. now owns 3,497 shares of the company’s stock worth $253,000 after acquiring an additional 119 shares during the last quarter. Wealth Alliance LLC increased its position in Monster Beverage by 2.2% during the 1st quarter. Wealth Alliance LLC now owns 6,752 shares of the company’s stock valued at $489,000 after purchasing an additional 148 shares during the period. CX Institutional increased its position in Monster Beverage by 2.4% during the 2nd quarter. CX Institutional now owns 6,384 shares of the company’s stock valued at $614,000 after purchasing an additional 148 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Monster Beverage by 15.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,401 shares of the company’s stock worth $102,000 after purchasing an additional 190 shares during the last quarter. Finally, Everpar Advisors LLC raised its holdings in Monster Beverage by 4.0% during the 2nd quarter. Everpar Advisors LLC now owns 4,948 shares of the company’s stock worth $476,000 after purchasing an additional 190 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Monster Beverage from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, November 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Monster Beverage in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 target price (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. Citigroup restated a “buy” rating on shares of Monster Beverage in a report on Thursday, October 22nd. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and set a $98.00 price target (up from $84.00) on shares of Monster Beverage in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus target price of $67.07.

Monster Beverage Stock Down 0.7%

Shares of NASDAQ MNST opened at $45.34 on Wednesday. The firm has a market cap of $88.75 billion, a PE ratio of 41.03, a P/E/G ratio of 2.95 and a beta of 0.51. The company’s fifty day simple moving average is $44.67 and its 200 day simple moving average is $43.34. Monster Beverage Corporation has a 12-month low of $35.03 and a 12-month high of $50.17.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Monster Beverage had a net margin of 22.66% and a return on equity of 24.99%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Monster Beverage Profile

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages. The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012. Based in Corona, California, Monster sells its products in the United States and internationally.