Financiere des Professionnels Fonds d investissement inc. Invests $2.71 Million in Monster Beverage Corporation $MNST

Key Points

• Financiere des Professionnels Fonds d investissement inc. has acquired a new stake in Monster Beverage Corporation valued at approximately $2.71 million, purchasing 43,320 shares during the second quarter.
• Institutional investors and hedge funds now hold 72.36% of Monster Beverage's stock, with several major investors, including Royal Bank of Canada and Two Sigma Investments, significantly increasing their positions.
• Monster Beverage recently reported quarterly earnings of $0.52 per share, exceeding analysts' expectations, while revenue increased by 11.1% year-over-year to $2.11 billion.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 43,320 shares of the company's stock, valued at approximately $2,714,000.

Several other institutional investors have also recently added to or reduced their stakes in MNST. Royal Bank of Canada increased its position in Monster Beverage by 31.8% in the 4th quarter. Royal Bank of Canada now owns 1,866,129 shares of the company's stock valued at $98,083,000 after acquiring an additional 449,842 shares during the period. Toronto Dominion Bank increased its position in Monster Beverage by 3.0% during the 4th quarter. Toronto Dominion Bank now owns 408,826 shares of the company's stock worth $21,488,000 after purchasing an additional 11,947 shares during the period. Tidal Investments LLC increased its position in Monster Beverage by 26.5% during the 4th quarter. Tidal Investments LLC now owns 67,355 shares of the company's stock worth $3,540,000 after purchasing an additional 14,109 shares during the period. 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 during the period. Finally, Two Sigma Advisers LP acquired a new position in Monster Beverage during the 4th quarter worth approximately $8,042,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the stock in a transaction 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 transaction, the director owned 51,191 shares of the company's stock, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MNST. Wall Street Zen cut Monster Beverage from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. The Goldman Sachs Group boosted their target price on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Morgan Stanley boosted their target price on Monster Beverage from $70.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Finally, Citigroup boosted their target price on Monster Beverage from $74.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday. Twelve investment 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 MarketBeat.com, Monster Beverage presently has an average rating of "Hold" and a consensus target price of $65.19.

Monster Beverage Stock Up 2.8%

Shares of Monster Beverage stock opened at $66.16 on Wednesday. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $66.75. The firm has a market cap of $64.60 billion, a PE ratio of 41.09, a P/E/G ratio of 2.24 and a beta of 0.54. The business's fifty day moving average is $61.81 and its two-hundred day moving average is $60.67.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Monster Beverage Company 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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