NatWest Group plc Buys Shares of 193,395 Monster Beverage Corporation $MNST

NatWest Group plc purchased a new position in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 4th quarter, Holdings Channel reports. The firm purchased 193,395 shares of the company’s stock, valued at approximately $14,828,000. Monster Beverage makes up approximately 3.5% of NatWest Group plc’s investment portfolio, making the stock its 10th biggest holding.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings in shares of Monster Beverage by 49.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after acquiring an additional 146 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Monster Beverage by 4.1% in the 3rd quarter. D.A. Davidson & CO. now owns 3,930 shares of the company’s stock worth $265,000 after purchasing an additional 155 shares in the last quarter. Premier Path Wealth Partners LLC raised its position in Monster Beverage by 3.2% in the third quarter. Premier Path Wealth Partners LLC now owns 5,246 shares of the company’s stock valued at $353,000 after purchasing an additional 161 shares during the last quarter. Mayflower Financial Advisors LLC raised its position in Monster Beverage by 5.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 3,184 shares of the company’s stock valued at $244,000 after purchasing an additional 174 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in shares of Monster Beverage by 13.4% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company’s stock valued at $93,000 after purchasing an additional 176 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MNST. Deutsche Bank Aktiengesellschaft upped their price objective on Monster Beverage from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 27th. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a research report on Friday, January 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Zacks Research downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Monster Beverage from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.95.

Monster Beverage Stock Performance

Shares of NASDAQ MNST opened at $71.98 on Friday. The company’s 50 day moving average price is $79.68 and its 200-day moving average price is $74.09. Monster Beverage Corporation has a 52-week low of $54.73 and a 52-week high of $87.38. The company has a market capitalization of $70.33 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last released its earnings results 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. Monster Beverage’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share. 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.