Monster Beverage Corporation $MNST Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Monster Beverage Corporation (NASDAQ:MNST) by 21.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 767,370 shares of the company’s stock after acquiring an additional 136,362 shares during the period. Teacher Retirement System of Texas’ holdings in Monster Beverage were worth $51,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Monster Beverage in the second quarter valued at approximately $544,584,000. Schroder Investment Management Group grew its holdings in Monster Beverage by 4,877.8% in the 2nd quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock worth $456,262,000 after buying an additional 7,137,552 shares in the last quarter. AQR Capital Management LLC increased its position in Monster Beverage by 467.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after acquiring an additional 5,641,160 shares during the period. AustralianSuper Pty Ltd acquired a new stake in Monster Beverage in the 2nd quarter valued at approximately $157,063,000. Finally, Marshall Wace LLP raised its stake in Monster Beverage by 1,126.9% during the 2nd quarter. Marshall Wace LLP now owns 2,121,758 shares of the company’s stock valued at $132,907,000 after acquiring an additional 1,948,827 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Monster Beverage

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the sale, the insider owned 63,939 shares in the company, valued at approximately $4,687,368.09. The trade was a 31.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Guy Carling sold 38,438 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $71.33, for a total transaction of $2,741,782.54. Following the sale, the insider directly owned 21,993 shares of the company’s stock, valued at $1,568,760.69. This represents a 63.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,981 shares of company stock valued at $20,138,516 over the last three months. Company insiders own 8.30% of the company’s stock.

Monster Beverage Trading Down 0.9%

NASDAQ:MNST opened at $80.89 on Friday. The company has a 50-day moving average of $75.73 and a 200-day moving average of $68.41. The firm has a market cap of $79.03 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 2.13 and a beta of 0.46. Monster Beverage Corporation has a twelve month low of $45.70 and a twelve month high of $81.81.

Monster Beverage (NASDAQ:MNST) last released its earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

MNST has been the topic of a number of research analyst reports. Roth Mkm reissued a “neutral” rating and set a $70.00 price target on shares of Monster Beverage in a report on Wednesday, December 3rd. BNP Paribas Exane upgraded shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price for the company in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Citigroup reaffirmed a “buy” rating and issued a $90.00 price target (up from $87.00) on shares of Monster Beverage in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Monster Beverage from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus price target of $76.62.

Monster Beverage Company Profile

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.