Robeco Institutional Asset Management B.V. Has $178.46 Million Holdings in Monster Beverage Corporation $MNST

Key Points

• Robeco Institutional Asset Management increased its Monster stake by 262.1% in Q4, buying 1,684,752 shares to hold 2,327,626 shares worth about $178.46 million (0.24% of the company).
• Massachusetts Financial Services Co. dramatically raised its position by 7,360.7%, acquiring 6,108,420 additional shares to own 6,191,407 shares valued at about $474.7 million.
• Analysts have a consensus rating of “Moderate Buy” with an average price target of $83.38 (14 Buys, 8 Holds, 1 Sell), and Monster recently beat quarterly EPS and revenue expectations with revenue up 17.6% year‑over‑year.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 262.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,327,626 shares of the company's stock after buying an additional 1,684,752 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.24% of Monster Beverage worth $178,459,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Inc. raised its stake in Monster Beverage by 2.3% during the 4th quarter. Howard Capital Management Inc. now owns 19,367 shares of the company's stock worth $1,485,000 after buying an additional 443 shares during the period. Ritholtz Wealth Management raised its stake in Monster Beverage by 27.7% during the 4th quarter. Ritholtz Wealth Management now owns 20,696 shares of the company's stock worth $1,587,000 after buying an additional 4,484 shares during the period. Diversify Advisory Services LLC raised its stake in Monster Beverage by 15.1% during the 4th quarter. Diversify Advisory Services LLC now owns 10,611 shares of the company's stock worth $829,000 after buying an additional 1,394 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Monster Beverage by 7,360.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company's stock worth $474,695,000 after buying an additional 6,108,420 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Monster Beverage by 14.4% during the 4th quarter. Venturi Wealth Management LLC now owns 13,854 shares of the company's stock worth $1,062,000 after buying an additional 1,744 shares during the period. Institutional investors and hedge funds own 72.36% of the company's stock.

Wall Street Analyst Weigh In

MNST has been the topic of several research analyst reports. Evercore raised their price objective on Monster Beverage from $80.00 to $85.00 and gave the stock an "outperform" rating in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Monster Beverage from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, March 30th. Citigroup boosted their price target on Monster Beverage from $90.00 to $100.00 and gave the company a "buy" rating in a report on Friday, February 27th. UBS Group cut their price target on Monster Beverage from $92.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, April 7th. Finally, Jefferies Financial Group set a $100.00 price target on Monster Beverage in a report on Wednesday, March 11th. Fourteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $83.38.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $75.72 on Friday. The stock has a market capitalization of $74.05 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.50 and a beta of 0.51. The business has a 50-day moving average of $78.09 and a 200-day moving average of $74.85. Monster Beverage Corporation has a fifty-two week low of $57.01 and a fifty-two week high of $87.38.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 EPS. On average, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

Monster Beverage Profile

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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