Mirae Asset Global Investments Co. Ltd. Boosts Stock Holdings in Monster Beverage Corporation $MNST

Mirae Asset Global Investments Co. Ltd. boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 566,176 shares of the company’s stock after purchasing an additional 49,135 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Monster Beverage worth $38,109,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MNST. Jones Financial Companies Lllp increased its stake in shares of Monster Beverage by 397.9% in the 1st quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock worth $890,000 after purchasing an additional 12,148 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Monster Beverage by 247.7% during the second quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock valued at $813,000 after purchasing an additional 9,251 shares in the last quarter. GC Wealth Management RIA LLC purchased a new stake in shares of Monster Beverage in the second quarter worth about $468,000. Northwest Wealth Management LLC bought a new position in Monster Beverage during the second quarter valued at approximately $222,000. Finally, Childress Capital Advisors LLC bought a new stake in Monster Beverage in the second quarter worth $231,000. Institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction dated 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. The trade was a 63.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was 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 sold 274,981 shares of company stock worth $20,138,516 over the last 90 days. Corporate insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MNST shares. TD Cowen reissued a “hold” rating on shares of Monster Beverage in a research note on Thursday, January 8th. Roth Mkm reaffirmed a “neutral” rating and set a $70.00 price target on shares of Monster Beverage in a research report on Wednesday, December 3rd. Evercore ISI raised their price target on shares of Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Finally, UBS Group reaffirmed a “neutral” rating and set a $84.00 target price (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Fourteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.86.

Monster Beverage Stock Down 0.6%

Shares of NASDAQ:MNST opened at $80.92 on Thursday. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $83.24. The business has a fifty day moving average of $76.47 and a two-hundred day moving average of $69.06. The stock has a market cap of $79.06 billion, a P/E ratio of 45.98, a PEG ratio of 2.12 and a beta of 0.46.

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

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.