Global X Japan Co. Ltd. Boosts Holdings in Monster Beverage Corporation $MNST

Global X Japan Co. Ltd. increased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 444.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,007 shares of the company’s stock after buying an additional 18,782 shares during the period. Global X Japan Co. Ltd.’s holdings in Monster Beverage were worth $1,764,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Monster Beverage in the second quarter valued at $544,584,000. Schroder Investment Management Group increased its holdings in Monster Beverage by 4,877.8% during the 2nd quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock worth $456,262,000 after purchasing an additional 7,137,552 shares during the period. AQR Capital Management LLC raised its position in Monster Beverage by 467.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after purchasing an additional 5,641,160 shares in the last quarter. State Street Corp boosted its stake in shares of Monster Beverage by 8.0% in the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after buying an additional 2,789,273 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Monster Beverage by 3.2% during the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after buying an additional 2,122,685 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $96.00 price target (up from $87.00) on shares of Monster Beverage in a research note on Monday, January 26th. Wall Street Zen cut shares of Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. TD Cowen increased their target price on Monster Beverage from $80.00 to $88.00 and gave the company a “hold” rating in a report on Friday, February 27th. Zacks Research cut Monster Beverage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, The Goldman Sachs Group lifted their price target on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.95.

Monster Beverage Price Performance

NASDAQ MNST opened at $71.98 on Friday. The firm’s fifty day moving average price is $79.68 and its 200 day moving average price is $74.09. Monster Beverage Corporation has a 12 month low of $54.73 and a 12 month high of $87.38. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. Monster Beverage’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, sell-side analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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.