Robeco Institutional Asset Management B.V. Buys 1,684,752 Shares of Monster Beverage Corporation $MNST

by · The Cerbat Gem

Robeco Institutional Asset Management B.V. increased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST – Free Report) by 262.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,327,626 shares of the company’s stock after purchasing an additional 1,684,752 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Monster Beverage were worth $178,459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 2,122,685 shares during the period. State Street Corp grew its holdings in Monster Beverage by 8.0% during the third quarter. State Street Corp now owns 37,719,091 shares of the company’s stock worth $2,538,872,000 after purchasing an additional 2,789,273 shares during the period. Invesco Ltd. grew its holdings in Monster Beverage by 6.3% during the third quarter. Invesco Ltd. now owns 11,675,603 shares of the company’s stock worth $785,885,000 after purchasing an additional 692,192 shares during the period. Ninety One UK Ltd grew its holdings in Monster Beverage by 11.3% during the third quarter. Ninety One UK Ltd now owns 9,957,835 shares of the company’s stock worth $670,262,000 after purchasing an additional 1,013,356 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Monster Beverage by 12.2% during the third quarter. Schroder Investment Management Group now owns 8,175,683 shares of the company’s stock worth $547,444,000 after purchasing an additional 891,804 shares during the period. Institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MNST. Stifel Nicolaus lifted their price target on Monster Beverage from $82.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen cut Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Piper Sandler lifted their price target on Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Royal Bank Of Canada set a $86.00 price target on Monster Beverage in a report on Thursday. Finally, UBS Group reduced their price target on Monster Beverage from $92.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average target price of $83.38.

View Our Latest Stock Report on MNST

Monster Beverage Stock Down 0.6%

Shares of NASDAQ:MNST opened at $75.72 on Friday. Monster Beverage Corporation has a 12-month low of $57.01 and a 12-month high of $87.38. The stock has a market cap of $74.05 billion, a PE ratio of 39.03, a P/E/G ratio of 2.50 and a beta of 0.51. The business has a 50 day moving average of $78.09 and a 200-day moving average of $74.85.

Monster Beverage (NASDAQ:MNST – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 company 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 company posted $0.39 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. Equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

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.

See Also

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