Monster Beverage Corporation $MNST Stock Position Increased by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. doubled its Monster Beverage stake in the third quarter, adding 206,500 shares for a total of 413,000 shares valued at approximately $17.2 million.
• Institutional investors own 72.36% of MNST, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $50.10.
• Monster Beverage exceeded quarterly expectations, reporting $0.60 in EPS versus $0.58 expected and $2.50 billion in revenue, up 20.2% year over year.

Mn Services Vermogensbeheer B.V. increased its stake in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 100.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,000 shares of the company's stock after buying an additional 206,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Monster Beverage were worth $17,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MNST. Johnson Financial Group Inc. purchased a new stake in shares of Monster Beverage in the second quarter valued at $27,000. Jones Financial Companies Lllp purchased a new position in shares of Monster Beverage during the 2nd quarter worth about $28,000. Trust Co. of Vermont purchased a new position in shares of Monster Beverage during the 2nd quarter worth about $30,000. NBH Bank bought a new position in Monster Beverage during the 2nd quarter valued at about $32,000. Finally, Clearstead Trust LLC bought a new position in Monster Beverage during the 2nd quarter valued at about $32,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MNST shares. Sanford C. Bernstein began coverage on shares of Monster Beverage in a research note on Friday, June 12th. They issued a "market perform" rating and a $47.50 price objective for the company. TD Cowen upped their target price on Monster Beverage from $45.00 to $47.50 and gave the company a "hold" rating in a research note on Wednesday, July 8th. BNP Paribas Exane reiterated a "neutral" rating on shares of Monster Beverage in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $100.00 price target on shares of Monster Beverage in a research note on Monday, August 10th. Finally, Weiss Ratings raised Monster Beverage from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, September 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of "Moderate Buy" and a consensus target price of $50.10.

Monster Beverage Stock Performance

Shares of MNST opened at $43.65 on Friday. The company has a 50 day moving average price of $45.01 and a 200-day moving average price of $43.82. Monster Beverage Corporation has a fifty-two week low of $32.94 and a fifty-two week high of $50.17. The stock has a market capitalization of $85.51 billion, a PE ratio of 40.42, a PEG ratio of 2.80 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.43 billion. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. Monster Beverage's revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. Equities research analysts forecast that Monster Beverage Corporation will post 1.11 EPS for the current year.

Monster Beverage Company Profile

Monster Beverage Corporation is a beverage company that develops, markets, and distributes energy drinks and related alternative beverages. Its flagship Monster Energy brand offers a range of energy drinks in multiple flavors and formulations, including products designed for performance, focus, and lifestyle-oriented consumption.

The company's portfolio also includes brands such as Reign, NOS, Full Throttle, Burn, and Mother, along with other energy and beverage products sold under regional or strategic brand arrangements.

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