Monster Beverage Corporation $MNST Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,994,366 shares of the company’s stock after purchasing an additional 55,973 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Monster Beverage were worth $152,908,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its position in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new stake in Monster Beverage during the 3rd quarter worth $27,000. Harbor Investment Advisory LLC boosted its position in Monster Beverage by 136.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock worth $27,000 after purchasing an additional 205 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the period. Finally, First Horizon Corp purchased a new stake in Monster Beverage during the 3rd quarter worth $29,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Price Performance

Shares of MNST stock opened at $75.72 on Monday. Monster Beverage Corporation has a 12 month low of $57.01 and a 12 month high of $87.38. The firm has a market capitalization of $74.05 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.51 and a beta of 0.51. The company’s fifty day moving average price is $78.09 and its two-hundred day moving average price is $74.92.

Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analysts Set New Price Targets

MNST has been the subject of a number of research reports. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a research report on Friday, January 16th. Citigroup upped their price target on shares of Monster Beverage from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 price target (up from $87.00) on shares of Monster Beverage in a research report on Monday, January 26th. UBS Group decreased their price target on shares of Monster Beverage from $92.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, Bank of America decreased their price target on shares of Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Friday. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.38.

Check Out Our Latest Stock Report on Monster Beverage

Monster Beverage Profile

(Free Report)

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.

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