Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 2,110,771 Monster Beverage Co. (NASDAQ:MNST)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Monster Beverage Co. (NASDAQ:MNST - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,110,771 shares of the company's stock, valued at approximately $110,942,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Monster Beverage at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MNST. Migdal Insurance & Financial Holdings Ltd. grew its stake in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company's stock worth $28,000 after buying an additional 203 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Monster Beverage by 1.5% during the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company's stock worth $714,000 after acquiring an additional 203 shares during the last quarter. CreativeOne Wealth LLC grew its position in Monster Beverage by 1.9% during the 4th quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company's stock worth $622,000 after purchasing an additional 217 shares during the last quarter. Level Four Advisory Services LLC increased its stake in Monster Beverage by 4.6% during the 4th quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company's stock valued at $263,000 after purchasing an additional 220 shares in the last quarter. Finally, Sapient Capital LLC raised its holdings in shares of Monster Beverage by 0.5% in the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company's stock worth $2,422,000 after buying an additional 228 shares during the last quarter. Institutional investors own 72.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MNST. Truist Financial upped their target price on Monster Beverage from $40.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, April 23rd. Citigroup increased their price objective on Monster Beverage from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, April 14th. Jefferies Financial Group raised their price objective on Monster Beverage from $68.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Roth Capital upped their target price on Monster Beverage from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, May 14th. Finally, Bank of America increased their price target on shares of Monster Beverage from $57.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $60.81.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, Director Mark J. Hall sold 12,000 shares of Monster Beverage stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $54.50, for a total transaction of $654,000.00. Following the sale, the director now owns 296,846 shares of the company's stock, valued at $16,178,107. The trade was a 3.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emelie Tirre sold 8,796 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $62.46, for a total transaction of $549,398.16. Following the sale, the insider now directly owns 89,501 shares of the company's stock, valued at $5,590,232.46. The trade was a 8.95% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,112 shares of company stock valued at $12,033,838. Company insiders own 7.80% of the company's stock.

Monster Beverage Stock Performance

MNST stock traded up $0.03 during midday trading on Friday, hitting $63.67. 13,500,761 shares of the stock traded hands, compared to its average volume of 6,853,907. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $64.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51. The stock's fifty day simple moving average is $59.90 and its 200-day simple moving average is $54.88. The firm has a market cap of $62.09 billion, a P/E ratio of 40.81, a PEG ratio of 2.28 and a beta of 0.63.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the firm earned $0.42 EPS. The company's quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts expect that Monster Beverage Co. will post 1.62 earnings per share for the current year.

About Monster Beverage

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.