Raiffeisen Bank International AG Has $801,000 Stock Position in Monster Beverage Corporation (NASDAQ:MNST)

Key Points

• Raiffeisen Bank International AG significantly increased its stake in Monster Beverage Corporation by 284.6%, owning 13,839 shares valued at $801,000.
• Monster Beverage posted a quarterly earnings report with an EPS of $0.47, surpassing expectations but experiencing a 2.3% decline in revenue compared to the previous year.
• Insider trading activity includes significant sales from key executives, with CFO Thomas J. Kelly selling 27,000 shares valued at approximately $1.7 million.

Raiffeisen Bank International AG lifted its position in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 284.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,839 shares of the company's stock after buying an additional 10,241 shares during the quarter. Raiffeisen Bank International AG's holdings in Monster Beverage were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Monster Beverage during the 1st quarter worth $29,000. Coppell Advisory Solutions LLC grew its holdings in shares of Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company's stock worth $36,000 after purchasing an additional 495 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Monster Beverage during the 4th quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Monster Beverage by 37.1% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock worth $42,000 after purchasing an additional 196 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Monster Beverage during the 1st quarter worth $43,000. Institutional investors and hedge funds own 72.36% of the company's stock.

Monster Beverage Price Performance

MNST stock opened at $60.35 on Tuesday. The firm has a market cap of $58.86 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.12 and a beta of 0.55. The company has a quick ratio of 2.78, a current ratio of 3.37 and a debt-to-equity ratio of 0.03. Monster Beverage Corporation has a 12-month low of $43.32 and a 12-month high of $64.45. The company's fifty day simple moving average is $61.77 and its 200 day simple moving average is $57.79.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.97 billion. Monster Beverage had a net margin of 20.27% and a return on equity of 27.46%. The business's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. On average, analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 8,796 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $62.46, for a total transaction of $549,398.16. Following the transaction, the insider owned 89,501 shares in the company, valued at approximately $5,590,232.46. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total transaction of $1,711,800.00. Following the transaction, the chief financial officer owned 69,273 shares in the company, valued at approximately $4,391,908.20. The trade was a 28.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group boosted their price target on Monster Beverage from $63.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $60.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Truist Financial boosted their price target on Monster Beverage from $40.00 to $50.00 and gave the stock a "sell" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group boosted their price target on Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, June 13th. Finally, Jefferies Financial Group boosted their price target on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, Monster Beverage has a consensus rating of "Hold" and a consensus target price of $61.91.

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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