Monster Beverage Corporation $MNST Shares Acquired by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. increased its Monster Beverage stake by 17% in the fourth quarter, buying 149,828 additional shares and lifting its holdings to about 1.03 million shares worth $79 million.
• Monster Beverage reported better-than-expected first-quarter results, with EPS of $0.58 on revenue of $2.32 billion, while sales jumped 22.6% year over year.
• Several analysts raised price targets after the earnings beat, and the stock now has a consensus Moderate Buy rating with an average target of $87.20.

ABN AMRO Bank N.V. grew its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,031,784 shares of the company's stock after purchasing an additional 149,828 shares during the quarter. ABN AMRO Bank N.V. owned approximately 0.11% of Monster Beverage worth $79,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Nwam LLC bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $223,000. D Orazio & Associates Inc. bought a new stake in shares of Monster Beverage during the 4th quarter valued at about $225,000. Plato Investment Management Ltd grew its position in shares of Monster Beverage by 8.9% during the 4th quarter. Plato Investment Management Ltd now owns 35,716 shares of the company's stock valued at $2,752,000 after buying an additional 2,911 shares during the last quarter. NewEdge Wealth LLC grew its position in shares of Monster Beverage by 84.7% during the 4th quarter. NewEdge Wealth LLC now owns 29,918 shares of the company's stock valued at $2,294,000 after buying an additional 13,721 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in shares of Monster Beverage by 8.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 63,189 shares of the company's stock valued at $4,845,000 after buying an additional 4,768 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Key Monster Beverage News

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Monster Beverage reported first-quarter EPS of $0.58, beating the $0.53 consensus estimate, on revenue of $2.32 billion versus expectations of $2.16 billion. Sales rose 22.6% year over year, supporting the stock’s move higher. Monster Beverage earnings report
• Positive Sentiment: Royal Bank of Canada raised its price target to $88 from $86 and kept an outperform rating, signaling continued confidence in Monster Beverage’s outlook.
• Positive Sentiment: Deutsche Bank lifted its target to $94 from $88 and reiterated a buy rating, implying additional upside if growth remains strong.
• Positive Sentiment: Wells Fargo increased its target to $87 from $85 and maintained an overweight rating, while Evercore raised its target to $95 from $90 and kept an outperform rating.
• Neutral Sentiment: Management highlighted particularly strong international demand, with overseas sales up sharply and now making up a larger share of total revenue. This supports the growth story, but investors may still watch whether that momentum persists.

Monster Beverage Trading Down 0.0%

NASDAQ MNST opened at $86.25 on Monday. Monster Beverage Corporation has a 52 week low of $58.09 and a 52 week high of $88.77. The stock has a market cap of $84.34 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.50. The company has a 50-day moving average price of $76.12 and a two-hundred day moving average price of $75.94.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to analysts' expectations of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. Monster Beverage's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, equities research analysts expect that Monster Beverage Corporation will post 2.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group reaffirmed a "neutral" rating and set a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Monster Beverage from $88.00 to $94.00 and gave the company a "buy" rating in a research report on Friday. Argus upped their target price on shares of Monster Beverage from $95.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. decreased their target price on shares of Monster Beverage from $81.00 to $78.00 and set a "neutral" rating for the company in a research report on Monday, May 4th. Finally, Evercore upped their target price on shares of Monster Beverage from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Monster Beverage presently has a consensus rating of "Moderate Buy" and an average price target of $87.20.

About Monster Beverage

Monster Beverage Corporation NASDAQ: MNST is an American beverage company best known for its Monster Energy brand of energy drinks. The company's product portfolio centers on carbonated energy beverages and a range of complementary ready-to-drink offerings, including energy coffees, hydration beverages and other flavored functional drinks. Monster markets multiple sub-brands and flavor variants to address different consumer segments and consumption occasions.

Originally organized around the Hansen's Natural line of juices and sodas, the company pivoted toward the energy drink category and formally adopted the Monster Beverage name in the early 2010s to reflect its strategic focus.

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