Monster Beverage Corporation $MNST Stake Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 32.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,778,496 shares of the company’s stock after purchasing an additional 932,252 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Monster Beverage worth $157,261,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Monster Beverage during the second quarter worth $5,770,004,000. Ninety One UK Ltd boosted its holdings in shares of Monster Beverage by 89.1% in the 3rd quarter. Ninety One UK Ltd now owns 13,105,329 shares of the company’s stock valued at $545,444,000 after buying an additional 6,175,047 shares during the period. Bank of America Corp DE grew its position in shares of Monster Beverage by 0.8% during the 1st quarter. Bank of America Corp DE now owns 12,532,462 shares of the company’s stock valued at $908,102,000 after buying an additional 99,168 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Monster Beverage by 23.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock valued at $553,414,000 after buying an additional 1,461,167 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Monster Beverage by 27.8% during the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock valued at $717,629,000 after buying an additional 1,624,416 shares during the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Down 0.9%

MNST stock opened at $46.63 on Thursday. Monster Beverage Corporation has a fifty-two week low of $32.94 and a fifty-two week high of $50.17. The firm’s 50-day simple moving average is $44.77 and its 200 day simple moving average is $44.38. The stock has a market cap of $91.35 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 2.92 and a beta of 0.49.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the business posted $0.26 EPS. Monster Beverage’s revenue was up 20.2% on a year-over-year basis. Equities analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their target price on Monster Beverage from $45.00 to $52.50 and gave the company a “buy” rating in a research note on Thursday, July 16th. Sanford C. Bernstein lowered their target price on Monster Beverage from $95.00 to $50.00 in a report on Sunday, August 23rd. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Finally, Evercore cut their price target on Monster Beverage from $95.00 to $52.00 in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.07.

Monster Beverage Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.