DSM Capital Partners LLC Has $121.74 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

DSM Capital Partners LLC grew its position in Monster Beverage Co. (NASDAQ:MNST - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,113,083 shares of the company's stock after acquiring an additional 322,487 shares during the quarter. Monster Beverage comprises about 1.9% of DSM Capital Partners LLC's portfolio, making the stock its 19th largest position. DSM Capital Partners LLC owned 0.20% of Monster Beverage worth $121,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC raised its stake in shares of Monster Beverage by 112.2% in the third quarter. Corient Private Wealth LLC now owns 195,272 shares of the company's stock valued at $10,339,000 after acquiring an additional 103,271 shares during the period. Louisiana State Employees Retirement System purchased a new position in Monster Beverage in the 4th quarter worth about $7,340,000. Defender Capital LLC. increased its stake in Monster Beverage by 30.2% in the 4th quarter. Defender Capital LLC. now owns 371,077 shares of the company's stock worth $21,378,000 after buying an additional 86,050 shares during the period. Norges Bank purchased a new position in Monster Beverage in the 4th quarter worth about $517,035,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Monster Beverage by 9.6% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,268 shares of the company's stock worth $590,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Insider Buying and Selling

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of Monster Beverage stock in a transaction on Monday, March 4th. The shares were sold at an average price of $58.55, for a total transaction of $38,584,450.00. Following the sale, the director now owns 777,840 shares of the company's stock, valued at approximately $45,542,532. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.80% of the stock is owned by insiders.

Monster Beverage Stock Performance

MNST stock traded up $0.06 during trading on Friday, reaching $52.70. The company had a trading volume of 7,137,661 shares, compared to its average volume of 6,545,818. The company has a market cap of $54.90 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.74. The firm has a 50-day simple moving average of $55.47 and a 200-day simple moving average of $56.08. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22.

Monster Beverage (NASDAQ:MNST - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $1.90 billion during the quarter, compared to analysts' expectations of $1.90 billion. Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. Monster Beverage's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Sell-side analysts expect that Monster Beverage Co. will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MNST shares. Truist Financial downgraded shares of Monster Beverage from a "buy" rating to a "sell" rating and reduced their price target for the stock from $65.00 to $46.00 in a research note on Thursday, April 25th. Jefferies Financial Group raised their target price on shares of Monster Beverage from $66.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 29th. Piper Sandler raised their target price on shares of Monster Beverage from $58.00 to $59.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. HSBC cut their target price on shares of Monster Beverage from $72.00 to $68.00 and set a "buy" rating on the stock in a research report on Wednesday, March 6th. Finally, Stifel Nicolaus cut their target price on shares of Monster Beverage from $65.00 to $63.00 and set a "buy" rating on the stock in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Monster Beverage currently has a consensus rating of "Moderate Buy" and an average target price of $61.32.

Monster Beverage Company 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.