Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Holdings in Monster Beverage Corporation $MNST

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 67.0% during the second quarter, HoldingsChannel.com reports. The fund owned 294,106 shares of the company’s stock after acquiring an additional 118,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Monster Beverage were worth $18,423,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes 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 acquiring an additional 174 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in Monster Beverage by 4.0% in the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock worth $286,000 after acquiring an additional 189 shares during the last quarter. Accretive Wealth Partners LLC increased 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 acquiring an additional 190 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Monster Beverage by 2.9% in the 2nd quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock worth $420,000 after acquiring an additional 191 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock worth $42,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Transactions at Monster Beverage

In related news, Director Mark Vidergauz sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director owned 51,191 shares in the company, valued at $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.80% of the stock is currently owned by insiders.

Monster Beverage Stock Performance

NASDAQ MNST opened at $69.32 on Wednesday. The company has a market cap of $67.69 billion, a P/E ratio of 43.06, a P/E/G ratio of 2.42 and a beta of 0.54. The business’s 50 day moving average price is $65.89 and its 200-day moving average price is $62.98. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $70.72.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the previous year, the business earned $0.41 EPS. Monster Beverage’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on MNST. Royal Bank Of Canada lifted their price objective on Monster Beverage from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Redburn Atlantic downgraded Monster Beverage from a “strong-buy” rating to a “hold” rating and cut their target price for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. Finally, Stifel Nicolaus boosted their target price on Monster Beverage from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Monster Beverage presently has a consensus rating of “Hold” and an average target price of $66.43.

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.