Monster Beverage Corporation $MNST Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its holdings in Monster Beverage Corporation by 94.0%, acquiring an additional 568,953 shares to own a total of 1,174,385 shares, valued at approximately $68.73 million.
• Analysts have mixed ratings for Monster Beverage, with a consensus target price of $65.10 while twelve analysts rated it as a Buy, eight as Hold, and two as Sell.
• Monster Beverage reported a 20.54% net margin and 11.1% year-over-year revenue growth in its latest quarter, with earnings of $0.52 per share, exceeding analyst expectations.

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 94.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,174,385 shares of the company's stock after acquiring an additional 568,953 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.12% of Monster Beverage worth $68,725,000 at the end of the most recent reporting period.

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

Monster Beverage Trading Up 0.5%

Shares of MNST traded up $0.29 during mid-day trading on Thursday, reaching $62.02. The company had a trading volume of 4,328,982 shares, compared to its average volume of 7,093,673. The stock has a market cap of $60.56 billion, a price-to-earnings ratio of 38.52, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55. The firm has a fifty day simple moving average of $61.60 and a 200-day simple moving average of $59.49. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. The company 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 revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. As a group, equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MNST shares. Roth Capital reissued a "neutral" rating and set a $60.00 price objective (up from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Roth Mkm lifted their target price on shares of Monster Beverage from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. Piper Sandler raised shares of Monster Beverage from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $54.00 to $74.00 in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, June 13th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.10.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.30% of the company's stock.

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.