M&T Bank Corp Has $4.17 Million Holdings in Monster Beverage Corporation $MNST

M&T Bank Corp lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,374 shares of the company’s stock after purchasing an additional 12,020 shares during the period. M&T Bank Corp’s holdings in Monster Beverage were worth $4,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Monster Beverage by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 67,980,692 shares of the company’s stock valued at $5,212,080,000 after purchasing an additional 497,108 shares during the last quarter. State Street Corp lifted its stake in shares of Monster Beverage by 8.0% in the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after purchasing an additional 2,789,273 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Monster Beverage by 6.3% in the 3rd quarter. Invesco Ltd. now owns 11,675,603 shares of the company’s stock valued at $785,885,000 after purchasing an additional 692,192 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Monster Beverage by 12.2% in the 3rd quarter. Schroder Investment Management Group now owns 8,175,683 shares of the company’s stock valued at $547,444,000 after purchasing an additional 891,804 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Monster Beverage by 1.2% in the 3rd quarter. Northern Trust Corp now owns 7,867,341 shares of the company’s stock valued at $529,551,000 after purchasing an additional 95,919 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

Shares of MNST opened at $77.20 on Thursday. The company has a market capitalization of $75.49 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.50. Monster Beverage Corporation has a one year low of $58.09 and a one year high of $87.38. The company’s fifty day moving average price is $76.31 and its 200 day moving average price is $75.90.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Monster Beverage Corporation will post 2.28 earnings per share for the current year.

Wall Street Analyst Weigh In

MNST has been the topic of several recent analyst reports. Citigroup lifted their target price on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, January 16th. Morgan Stanley reiterated an “overweight” rating and issued a $96.00 target price (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Finally, TD Cowen dropped their target price on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Fifteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $85.90.

About Monster Beverage

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.