Achmea Investment Management B.V. Makes New Investment in Monster Beverage Corporation (NASDAQ:MNST)

Achmea Investment Management B.V. purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 26,044 shares of the company's stock, valued at approximately $1,524,000.

Several other institutional investors have also recently made changes to their positions in MNST. Norges Bank acquired a new position in shares of Monster Beverage during the 4th quarter worth approximately $442,642,000. CIBC Private Wealth Group LLC boosted its stake in shares of Monster Beverage by 659.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,872,972 shares of the company's stock worth $251,445,000 after acquiring an additional 4,231,063 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Monster Beverage by 5,095.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,063,351 shares of the company's stock worth $179,267,000 after acquiring an additional 3,004,391 shares during the period. Champlain Investment Partners LLC bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $121,575,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Monster Beverage during the 4th quarter worth approximately $110,942,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Stock Performance

MNST opened at $61.71 on Friday. The business has a fifty day simple moving average of $61.95 and a 200 day simple moving average of $56.15. The company has a market capitalization of $60.18 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 2.19 and a beta of 0.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.37 and a quick ratio of 2.78. Monster Beverage Corporation has a 1 year low of $43.32 and a 1 year high of $64.45.

Monster Beverage (NASDAQ:MNST - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.27%. The company's revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. Research analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Activity

In other news, CFO Thomas J. Kelly sold 27,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the completion of the sale, the chief financial officer now directly owns 69,273 shares in the company, valued at approximately $4,391,908.20. This represents a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $62.46, for a total value of $549,398.16. Following the sale, the insider now owns 89,501 shares of the company's stock, valued at approximately $5,590,232.46. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Monster Beverage from $65.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Roth Capital lifted their target price on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Truist Financial lifted their target price on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Roth Mkm lifted their target price on Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their target price on Monster Beverage from $67.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Monster Beverage presently has an average rating of "Moderate Buy" and a consensus target price of $62.05.

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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