Robeco Institutional Asset Management B.V. Grows Stock Holdings in Monster Beverage Corporation $MNST

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Monster Beverage Corporation by 1,447.9% in the second quarter, owning 444,784 shares worth approximately $27.86 million.
• Monster Beverage's recent earnings report indicated an earnings per share of $0.52, surpassing analysts' expectations, with a year-over-year revenue increase of 11.1%.
• Analyst ratings for Monster Beverage show a generally positive outlook, with a consensus price target of $65.19 and most analysts rating the stock as a Hold or Buy.

Robeco Institutional Asset Management B.V. increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 1,447.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 444,784 shares of the company's stock after purchasing an additional 416,050 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Monster Beverage were worth $27,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MNST. Wayfinding Financial LLC purchased a new stake in Monster Beverage during the first quarter valued at approximately $29,000. Webster Bank N. A. purchased a new stake in Monster Beverage during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Monster Beverage by 37.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock valued at $42,000 after buying an additional 196 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Monster Beverage during the first quarter valued at approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in Monster Beverage by 21.2% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock valued at $77,000 after buying an additional 230 shares during the last quarter. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

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

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its 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 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 business earned $0.41 earnings per share. Monster Beverage's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Insider Buying and Selling at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction on 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 represents a 16.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MNST shares. Redburn Atlantic cut shares of Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their target price for the company from $63.00 to $60.00 in a report on Wednesday, July 9th. Citigroup upped their target price on shares of Monster Beverage from $74.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Bank of America upped their target price on shares of Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 8th. Roth Capital reiterated a "neutral" rating and issued a $60.00 price target (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. Finally, The Goldman Sachs Group upped their price target on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Thirteen investment 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 MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $65.19.

Monster Beverage 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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