Robeco Institutional Asset Management B.V. Grows Stock Position in Monster Beverage Corporation $MNST

Robeco Institutional Asset Management B.V. lifted its position in Monster Beverage Corporation (NASDAQ:MNST) by 44.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 642,874 shares of the company’s stock after acquiring an additional 198,090 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Monster Beverage were worth $43,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Access Investment Management LLC purchased a new position in Monster Beverage in the 2nd quarter valued at $25,000. Salomon & Ludwin LLC purchased a new position in shares of Monster Beverage in the second quarter worth about $28,000. Armstrong Advisory Group Inc. boosted its position in Monster Beverage by 49.0% during the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its position in Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after acquiring an additional 415 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Monster Beverage by 647.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 553 shares of the company’s stock valued at $35,000 after acquiring an additional 479 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup reissued a “buy” rating and issued a $87.00 target price (up from $82.00) on shares of Monster Beverage in a research note on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.00 target price on shares of Monster Beverage in a research note on Tuesday, November 4th. Piper Sandler set a $85.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. Wells Fargo & Company reissued an “overweight” rating and issued a $86.00 price target (up previously from $83.00) on shares of Monster Beverage in a research note on Monday. Finally, Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $74.10.

Insider Buying and Selling at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider directly owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Guy Carling sold 38,438 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the sale, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,981 shares of company stock valued at $20,138,516 in the last three months. 8.30% of the stock is owned by corporate insiders.

Monster Beverage Stock Performance

Monster Beverage stock opened at $76.14 on Thursday. The company has a market capitalization of $74.39 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 2.00 and a beta of 0.46. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $78.31. The firm has a 50 day moving average price of $73.50 and a 200 day moving average price of $67.22.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a return on equity of 27.76% and a net margin of 21.65%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. As a group, equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share 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.