Kepler Cheuvreux Suisse SA Invests $5.87 Million in Monster Beverage Corporation $MNST

Kepler Cheuvreux Suisse SA bought a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,163 shares of the company’s stock, valued at approximately $5,867,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNST. Quadrant Capital Group LLC raised its holdings in Monster Beverage by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,896 shares of the company’s stock worth $868,000 after purchasing an additional 218 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Monster Beverage by 2.0% during the 3rd quarter. Van ECK Associates Corp now owns 148,427 shares of the company’s stock valued at $9,991,000 after purchasing an additional 2,882 shares in the last quarter. Capital Research Global Investors increased its position in shares of Monster Beverage by 71.4% during the third quarter. Capital Research Global Investors now owns 5,033,066 shares of the company’s stock valued at $338,765,000 after buying an additional 2,096,575 shares during the period. Bank of Montreal Can raised its stake in Monster Beverage by 66.1% in the third quarter. Bank of Montreal Can now owns 958,476 shares of the company’s stock worth $64,515,000 after buying an additional 381,308 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Monster Beverage by 9.0% in the third quarter. Legal & General Group Plc now owns 5,715,076 shares of the company’s stock worth $384,682,000 after buying an additional 469,715 shares in the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider directly owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This represents a 31.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The disclosure for this sale is available in the SEC filing. 7.80% of the stock is owned by company insiders.

Monster Beverage Stock Up 1.3%

Shares of MNST opened at $76.70 on Wednesday. The stock has a market cap of $74.94 billion, a P/E ratio of 39.54, a P/E/G ratio of 2.45 and a beta of 0.44. The business’s 50 day moving average price is $80.13 and its 200-day moving average price is $73.20. Monster Beverage Corporation has a 52 week low of $54.00 and a 52 week high of $87.38.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MNST shares. Bank of America lifted their price objective on Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Citigroup increased their target price on Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Roth Mkm restated a “neutral” rating and issued a $70.00 target price on shares of Monster Beverage in a research note on Wednesday, December 3rd. Stifel Nicolaus lifted their price target on Monster Beverage from $82.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $73.00 price target (up from $53.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

About Monster Beverage

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.