165,117 Shares in Monster Beverage Corporation $MNST Acquired by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in shares of Monster Beverage Corporation (NASDAQ:MNST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 165,117 shares of the company’s stock, valued at approximately $6,872,000. Monster Beverage comprises 0.9% of Machina Capital S.A.S.’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Monster Beverage in the 2nd quarter valued at about $5,770,004,000. Bank of America Corp DE purchased a new position in Monster Beverage in the second quarter worth about $1,195,360,000. Wellington Management Group LLP grew its position in Monster Beverage by 27.8% in the second quarter. Wellington Management Group LLP now owns 7,465,974 shares of the company’s stock worth $717,629,000 after acquiring an additional 1,624,416 shares in the last quarter. Jupiter Topco LLC bought a new stake in Monster Beverage during the second quarter worth approximately $593,075,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Monster Beverage by 23.7% during the first 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 last quarter. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MNST shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $100.00 price objective (up from $98.00) on shares of Monster Beverage in a research report on Monday, August 10th. Evercore cut their target price on Monster Beverage from $95.00 to $52.00 in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut their target price on Monster Beverage from $49.50 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th. Stifel Nicolaus set a $52.00 price target on Monster Beverage in a report on Thursday, October 22nd. Finally, UBS Group restated a “neutral” rating and issued a $50.00 price target (up from $49.00) on shares of Monster Beverage in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.07.

Monster Beverage Trading Down 0.7%

MNST stock opened at $45.34 on Wednesday. Monster Beverage Corporation has a 12 month low of $35.03 and a 12 month high of $50.17. The company has a 50-day moving average price of $44.67 and a 200 day moving average price of $43.34. The stock has a market cap of $88.75 billion, a PE ratio of 41.03, a P/E/G ratio of 2.95 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. Monster Beverage had a net margin of 22.66% and a return on equity of 24.99%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. Sell-side analysts forecast that Monster Beverage Corporation will post 1.16 EPS for the current year.

Monster Beverage Profile

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages. The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012. Based in Corona, California, Monster sells its products in the United States and internationally.