Vanguard Group Inc. Boosts Stock Position in Monster Beverage Corporation $MNST

Vanguard Group Inc. grew its holdings in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,980,692 shares of the company's stock after buying an additional 497,108 shares during the quarter. Vanguard Group Inc. owned 6.96% of Monster Beverage worth $5,212,080,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Monster Beverage by 8.0% in the third quarter. State Street Corp now owns 37,719,091 shares of the company's stock worth $2,538,872,000 after acquiring an additional 2,789,273 shares during the last quarter. Invesco Ltd. boosted its stake in Monster Beverage by 6.3% during the third quarter. Invesco Ltd. now owns 11,675,603 shares of the company's stock worth $785,885,000 after buying an additional 692,192 shares during the last quarter. Ninety One UK Ltd boosted its stake in Monster Beverage by 11.3% during the third quarter. Ninety One UK Ltd now owns 9,957,835 shares of the company's stock worth $670,262,000 after buying an additional 1,013,356 shares during the last quarter. Schroder Investment Management Group boosted its stake in Monster Beverage by 12.2% during the third quarter. Schroder Investment Management Group now owns 8,175,683 shares of the company's stock worth $547,444,000 after buying an additional 891,804 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Monster Beverage by 1.2% during the third quarter. Northern Trust Corp now owns 7,867,341 shares of the company's stock worth $529,551,000 after buying an additional 95,919 shares during the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Down 1.8%

Shares of Monster Beverage stock opened at $76.86 on Tuesday. Monster Beverage Corporation has a 52 week low of $58.01 and a 52 week high of $87.38. The business's fifty day simple moving average is $76.96 and its 200-day simple moving average is $75.62. The firm has a market cap of $75.16 billion, a PE ratio of 39.62, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. As a group, equities analysts expect that Monster Beverage Corporation will post 2.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Monster Beverage in a research note on Monday, December 29th. BNP Paribas Exane raised Monster Beverage from an "underperform" rating to a "neutral" rating and set a $77.00 price objective on the stock in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft lowered 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. Wall Street Zen lowered Monster Beverage from a "buy" rating to a "hold" rating in a research note on Monday, March 9th. Finally, Morgan Stanley reissued an "overweight" rating and set a $96.00 price objective (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.55.

Monster Beverage Company 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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