28,619 Shares in Monster Beverage Corporation $MNST Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 28,619 shares of Monster Beverage Corporation, valued at approximately $1.83 million.
• Monster Beverage reported a quarterly earnings per share of $0.52, exceeding analysts' expectations and reflecting an 11.1% revenue increase year-over-year.
• Analyst ratings for Monster Beverage are mixed, with twelve analysts maintaining a Buy rating and a consensus price target of $65.10.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,619 shares of the company's stock, valued at approximately $1,830,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Monster Beverage during the 1st quarter worth $29,000. Park Square Financial Group LLC acquired a new position in Monster Beverage in the 4th quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after buying an additional 196 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Monster Beverage in the 1st quarter worth $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Monster Beverage by 21.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock worth $77,000 after buying an additional 230 shares in the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MNST. Bank of America boosted their price objective on shares of Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Redburn Atlantic lowered shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from $63.00 to $60.00 in a report on Wednesday, July 9th. Wells Fargo & Company set a $73.00 price objective on shares of Monster Beverage and gave the stock an "overweight" rating in a report on Friday, August 8th. Roth Capital reiterated a "neutral" rating and issued a $60.00 price objective (up previously from $56.00) on shares of Monster Beverage in a report on Wednesday, August 13th. Finally, UBS Group upped their target price on shares of Monster Beverage from $64.00 to $67.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of "Hold" and a consensus price target of $65.10.

Insiders Place Their Bets

In related news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of Monster Beverage stock opened at $64.69 on Friday. The firm has a market cap of $63.17 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54. Monster Beverage Corporation has a 1 year low of $45.70 and a 1 year high of $66.75. The firm's 50-day simple moving average is $61.69 and its 200-day simple moving average is $60.44.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. On average, equities analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.

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