Monster Beverage Corporation $MNST Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 120.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,711 shares of the company’s stock after buying an additional 38,593 shares during the period. Vise Technologies Inc.’s holdings in Monster Beverage were worth $2,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MNST. BlackRock Inc. acquired a new position in shares of Monster Beverage in the second quarter valued at approximately $5,770,004,000. Ninety One UK Ltd raised its holdings in Monster Beverage by 89.1% in the third 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 lifted its holdings 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 acquiring an additional 99,168 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Monster Beverage by 23.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,637,514 shares of the company’s stock worth $553,414,000 after acquiring an additional 1,461,167 shares during the period. Finally, Wellington Management Group LLP increased its stake in Monster Beverage by 27.8% during the 2nd quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after buying an additional 1,624,416 shares during the period. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 3.3%

MNST stock opened at $48.75 on Thursday. The stock’s 50 day simple moving average is $44.73 and its 200 day simple moving average is $43.23. Monster Beverage Corporation has a 12-month low of $32.94 and a 12-month high of $50.17. The firm has a market cap of $95.50 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.97 and a beta of 0.51.

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

Analyst Ratings Changes

MNST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Monster Beverage from $49.50 to $49.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. Stifel Nicolaus set a $52.00 price target on shares of Monster Beverage in a report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a research note on Monday, August 10th. Morgan Stanley raised their price objective on shares of Monster Beverage from $103.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and a consensus price target of $71.86.

Monster Beverage Company 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.