Monster Beverage Corporation $MNST Shares Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. increased its holdings in Monster Beverage Corporation by 10.0% during the second quarter, now owning 42,717 shares valued at approximately $2.68 million.
• A significant number of institutional investors, such as Nuveen LLC and Assenagon Asset Management, have recently modified their holdings, reflecting a growing interest in Monster Beverage.
• Monster Beverage's shares are currently down 0.6%, trading at $67.17, with an earnings per share (EPS) of $0.52 that surpassed analysts' expectations.

ASR Vermogensbeheer N.V. grew its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,717 shares of the company's stock after purchasing an additional 3,875 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Monster Beverage were worth $2,676,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MNST. Nuveen LLC acquired a new stake in shares of Monster Beverage during the first quarter worth $497,157,000. Assenagon Asset Management S.A. increased its holdings in shares of Monster Beverage by 5,095.6% in 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. Montrusco Bolton Investments Inc. increased its holdings in shares of Monster Beverage by 54.7% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 5,366,126 shares of the company's stock worth $303,728,000 after acquiring an additional 1,897,466 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Monster Beverage by 34.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,278,206 shares of the company's stock worth $425,921,000 after acquiring an additional 1,872,075 shares during the period. Finally, Amundi increased its holdings in shares of Monster Beverage by 69.8% in the 1st quarter. Amundi now owns 3,032,591 shares of the company's stock worth $180,894,000 after acquiring an additional 1,246,114 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares in the company, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 8.30% of the company's stock.

Monster Beverage Stock Down 0.6%

Shares of MNST opened at $67.17 on Friday. The firm has a 50-day moving average price of $63.47 and a 200 day moving average price of $61.57. The firm has a market capitalization of $65.59 billion, a PE ratio of 41.72, a P/E/G ratio of 2.35 and a beta of 0.54. Monster Beverage Corporation has a 52-week low of $45.70 and a 52-week high of $67.89.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. Monster Beverage's revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Ratings Changes

MNST has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Monster Beverage in a report on Thursday, June 12th. They issued a "buy" rating and a $72.00 price objective on the stock. Bank of America increased their price objective on shares of Monster Beverage from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, August 8th. UBS Group increased their price objective on shares of Monster Beverage from $64.00 to $67.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on shares of Monster Beverage from $64.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company set a $73.00 price objective on shares of Monster Beverage and gave the stock an "overweight" rating in a report on Friday, August 8th. Thirteen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $65.19.

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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