Monster Beverage Corporation $MNST Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 8.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 713,243 shares of the company’s stock after acquiring an additional 53,262 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Monster Beverage were worth $47,759,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Monster Beverage during the 3rd quarter worth $27,000. Access Investment Management LLC acquired a new position in Monster Beverage in the second quarter valued at $25,000. First Horizon Corp purchased a new position in Monster Beverage during the third quarter worth about $29,000. Salomon & Ludwin LLC purchased a new position in Monster Beverage during the second quarter worth about $28,000. Finally, Armstrong Advisory Group Inc. boosted its stake in Monster Beverage by 49.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock worth $30,000 after buying an additional 146 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 38,438 shares of Monster Beverage stock in a transaction on Thursday, November 13th. The shares were 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 of the company’s stock, valued at $1,568,760.69. The trade was a 63.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rodney C. Sacks sold 206,543 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. In the last three months, insiders sold 274,981 shares of company stock valued at $20,138,516. Corporate insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

MNST has been the topic of several recent analyst reports. Piper Sandler set a $85.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. BNP Paribas Exane raised 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 note on Friday, January 16th. UBS Group reiterated a “neutral” rating and issued a $84.00 price target (up previously from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Morgan Stanley restated an “overweight” rating and set a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and issued a $90.00 target price (up from $87.00) on shares of Monster Beverage in a research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $77.86.

Monster Beverage Stock Performance

MNST stock opened at $80.76 on Friday. The firm has a market cap of $78.90 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 2.08 and a beta of 0.46. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $83.24. The stock has a 50-day simple moving average of $76.80 and a 200-day simple moving average of $69.35.

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