UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 1,872,075 Shares of Monster Beverage Corporation $MNST

Key Points

• UBS AM increased its holdings in Monster Beverage Corporation by 34.6%, acquiring an additional 1,872,075 shares and owning a total of 7,278,206 shares worth approximately $425.9 million.
• Institutional investors own 72.36% of Monster Beverage stock, with other significant investments made by Nuveen LLC and Assenagon Asset Management, indicating strong institutional support for the company.
• Monster Beverage reported earnings of $0.52 per share, exceeding analyst estimates and showing revenue growth of 11.1% year-over-year, reflecting positive financial performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 34.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,278,206 shares of the company's stock after purchasing an additional 1,872,075 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.75% of Monster Beverage worth $425,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MBB Public Markets I LLC acquired a new stake in Monster Beverage in the first quarter worth about $328,000. Axiom Investors LLC DE acquired a new stake in Monster Beverage in the first quarter worth about $1,082,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Monster Beverage by 5.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,462 shares of the company's stock worth $729,000 after purchasing an additional 620 shares during the period. Hamilton Capital LLC acquired a new stake in Monster Beverage in the first quarter worth about $218,000. Finally, Voleon Capital Management LP acquired a new stake in Monster Beverage in the first quarter worth about $1,119,000. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the sale, the director owned 51,191 shares in the company, valued at $3,262,402.43. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 8.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MNST. Royal Bank Of Canada set a $68.00 target price on Monster Beverage and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen lowered Monster Beverage from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Roth Capital restated a "neutral" rating and set a $60.00 target price (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $64.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a report on Friday, June 13th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $65.10.

Monster Beverage Stock Performance

Monster Beverage stock traded up $0.89 during mid-day trading on Friday, reaching $64.69. The company's stock had a trading volume of 4,842,591 shares, compared to its average volume of 4,389,273. The business's 50 day simple moving average is $61.69 and its 200 day simple moving average is $60.44. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $66.75. The company has a market capitalization of $63.17 billion, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 2.22 and a beta of 0.54.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.52 EPS 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 company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business posted $0.41 EPS. The company's quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current year.

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.