Natixis Advisors LLC Grows Position in Monster Beverage Corporation $MNST

Natixis Advisors LLC raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,845,693 shares of the company’s stock after acquiring an additional 36,560 shares during the period. Natixis Advisors LLC’s holdings in Monster Beverage were worth $124,234,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP lifted its position in Monster Beverage by 35.5% during the third quarter. Korea Investment CORP now owns 855,501 shares of the company’s stock valued at $57,584,000 after purchasing an additional 224,238 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Monster Beverage by 35.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,958 shares of the company’s stock valued at $670,000 after buying an additional 2,579 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Monster Beverage during the 3rd quarter valued at $164,000. Blair William & Co. IL lifted its holdings in shares of Monster Beverage by 3.0% during the 3rd quarter. Blair William & Co. IL now owns 16,744 shares of the company’s stock valued at $1,127,000 after buying an additional 490 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Monster Beverage by 3.0% during the 3rd quarter. First Trust Advisors LP now owns 4,389,777 shares of the company’s stock valued at $295,476,000 after buying an additional 127,424 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 1.4%

MNST opened at $75.61 on Monday. The firm has a market cap of $73.87 billion, a P/E ratio of 38.97, a P/E/G ratio of 2.45 and a beta of 0.44. The stock has a 50-day moving average of $80.19 and a 200 day moving average of $73.02. Monster Beverage Corporation has a 12 month low of $54.00 and a 12 month high of $87.38.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MNST. Stifel Nicolaus lifted their price objective on Monster Beverage from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Royal Bank Of Canada increased their target price on Monster Beverage from $83.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. UBS Group raised their target price on Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. The Goldman Sachs Group boosted their price target on Monster Beverage from $80.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, 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. Fourteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Monster Beverage has an average rating of “Moderate Buy” and a consensus price target of $84.14.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of the 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the completion of the transaction, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 7.80% of the company’s stock.

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.