National Pension Service Purchases 8,168 Shares of Monster Beverage Corporation $MNST

National Pension Service lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,065,795 shares of the company’s stock after acquiring an additional 8,168 shares during the period. National Pension Service owned approximately 0.11% of Monster Beverage worth $66,761,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Monster Beverage by 1.8% in the first quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after purchasing an additional 1,151,175 shares in the last quarter. Invesco Ltd. increased its stake in Monster Beverage by 6.6% during the 1st quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after purchasing an additional 563,353 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Monster Beverage by 4.9% in the 2nd quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company’s stock worth $560,282,000 after acquiring an additional 418,918 shares during the last quarter. Nuveen LLC purchased a new position in Monster Beverage during the first quarter valued at approximately $497,157,000. Finally, Northern Trust Corp increased its holdings in shares of Monster Beverage by 1.0% in the first quarter. Northern Trust Corp now owns 7,431,658 shares of the company’s stock worth $434,901,000 after purchasing an additional 73,737 shares during the period. 72.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MNST shares. Bank of America upped their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Deutsche Bank Aktiengesellschaft upped their price target on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $81.00 target price (up previously from $74.00) on shares of Monster Beverage in a research note on Friday, November 7th. Wells Fargo & Company lifted their price objective on Monster Beverage from $73.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.62.

Monster Beverage Price Performance

Monster Beverage stock opened at $71.08 on Friday. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $72.62. The business’s fifty day moving average is $67.22 and its 200 day moving average is $63.77. The stock has a market capitalization of $69.40 billion, a PE ratio of 44.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

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.