Monster Beverage Corporation $MNST Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,673 shares of the company’s stock after buying an additional 5,108 shares during the quarter. Candriam S.C.A.’s holdings in Monster Beverage were worth $2,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC increased its stake in Monster Beverage by 1.0% in the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock worth $1,064,000 after purchasing an additional 174 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Monster Beverage by 4.0% in the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after buying an additional 189 shares during the period. Accretive Wealth Partners LLC boosted its stake in Monster Beverage by 1.0% in the 2nd quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock worth $1,263,000 after purchasing an additional 190 shares during the period. Rehmann Capital Advisory Group grew its position in Monster Beverage by 2.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock worth $420,000 after purchasing an additional 191 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Monster Beverage by 37.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Monster Beverage Stock Up 0.3%

Shares of MNST stock opened at $71.31 on Friday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $72.62. The company has a market cap of $69.67 billion, a PE ratio of 44.29, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The business’s 50 day moving average is $67.39 and its two-hundred day moving average is $63.89.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. Monster Beverage’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, equities analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNST has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday, October 8th. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price (up from $74.00) on shares of Monster Beverage in a research report on Friday, November 7th. Bank of America lifted their price target on Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.62.

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.