Monster Beverage Corporation $MNST Shares Purchased by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Monster Beverage Corporation by 6.7% in Q2, owning a total of 171,664 shares valued at approximately $10.75 million.
• Monster Beverage reported a quarterly EPS of $0.52, exceeding analysts' expectations, and had a revenue of $2.11 billion, marking an 11.1% year-over-year growth.
• Institutional investors hold 72.36% of Monster Beverage's stock, with several firms substantially increasing their positions during the first half of the year.

Czech National Bank boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,664 shares of the company's stock after purchasing an additional 10,836 shares during the quarter. Czech National Bank's holdings in Monster Beverage were worth $10,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in Monster Beverage by 26.5% during the fourth quarter. Tidal Investments LLC now owns 67,355 shares of the company's stock worth $3,540,000 after acquiring an additional 14,109 shares during the last quarter. Two Sigma Investments LP increased its position in Monster Beverage by 16.8% during the 4th quarter. Two Sigma Investments LP now owns 744,332 shares of the company's stock worth $39,122,000 after purchasing an additional 106,892 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Monster Beverage during the 4th quarter worth approximately $8,042,000. Vident Advisory LLC increased its position in Monster Beverage by 12.2% during the 4th quarter. Vident Advisory LLC now owns 20,237 shares of the company's stock worth $1,064,000 after purchasing an additional 2,193 shares in the last quarter. Finally, USS Investment Management Ltd acquired a new stake in Monster Beverage during the 4th quarter worth approximately $7,387,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This trade represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Stock Performance

Shares of MNST stock traded down $0.51 during trading hours on Friday, reaching $64.13. The company had a trading volume of 13,012,741 shares, compared to its average volume of 6,077,287. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $67.13. The stock's fifty day simple moving average is $62.06 and its 200 day simple moving average is $60.78. The company has a market capitalization of $62.62 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.31 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data 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. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm earned $0.41 EPS. Monster Beverage's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analyst Ratings Changes

MNST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Citigroup increased their target price on shares of Monster Beverage from $74.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank Of Canada set a $68.00 target price on shares of Monster Beverage and gave the stock an "outperform" rating in a research report on Friday, August 8th. The Goldman Sachs Group increased their target price on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Finally, Morgan Stanley increased their target price on shares of Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $65.19.

About Monster Beverage

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.