Raiffeisen Bank International AG Takes Position in Monster Beverage Co. (NASDAQ:MNST)

Raiffeisen Bank International AG acquired a new stake in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 3,598 shares of the company’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Monster Beverage by 62.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 203 shares during the period. Bleakley Financial Group LLC grew its position in shares of Monster Beverage by 1.5% in the fourth quarter. Bleakley Financial Group LLC now owns 13,578 shares of the company’s stock valued at $714,000 after purchasing an additional 203 shares during the period. CreativeOne Wealth LLC grew its position in shares of Monster Beverage by 1.9% in the fourth quarter. CreativeOne Wealth LLC now owns 11,838 shares of the company’s stock valued at $622,000 after purchasing an additional 217 shares during the period. Level Four Advisory Services LLC grew its position in Monster Beverage by 4.6% during the fourth quarter. Level Four Advisory Services LLC now owns 4,996 shares of the company’s stock valued at $263,000 after acquiring an additional 220 shares during the period. Finally, Sapient Capital LLC grew its position in Monster Beverage by 0.5% during the fourth quarter. Sapient Capital LLC now owns 46,082 shares of the company’s stock valued at $2,422,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.9%

Shares of MNST opened at $62.86 on Monday. The stock’s 50-day moving average is $58.49 and its two-hundred day moving average is $54.26. The stock has a market cap of $61.30 billion, a PE ratio of 40.30, a P/E/G ratio of 2.28 and a beta of 0.63. Monster Beverage Co. has a 12 month low of $43.32 and a 12 month high of $62.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that Monster Beverage Co. will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Guy Carling sold 47,000 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the transaction, the insider now owns 21,993 shares in the company, valued at approximately $1,210,054.86. The trade was a 68.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emelie Tirre sold 91,316 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $55.38, for a total value of $5,057,080.08. Following the completion of the transaction, the insider now owns 76,201 shares in the company, valued at approximately $4,220,011.38. This trade represents a 54.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,316 shares of company stock worth $11,484,440. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley boosted their price target on Monster Beverage from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. UBS Group boosted their price target on Monster Beverage from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Monster Beverage from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Piper Sandler boosted their price target on Monster Beverage from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Finally, Roth Mkm boosted their price target on Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.50.

Monster Beverage Company Profile

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.