Mitsubishi UFJ Trust & Banking Corp Has $64.99 Million Stock Holdings in Monster Beverage Corporation $MNST

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,507 shares of the company’s stock after selling 63,062 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of Monster Beverage worth $64,988,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MNST. Access Investment Management LLC acquired a new stake in Monster Beverage in the second quarter valued at about $25,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Monster Beverage in the third quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Monster Beverage in the 2nd quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Monster Beverage by 1,338.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $28,000 after purchasing an additional 415 shares during the last quarter. Finally, First Horizon Corp acquired a new position in Monster Beverage during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other Monster Beverage news, insider Guy Carling sold 38,438 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 21,993 shares in the company, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider directly owned 63,939 shares in the company, valued at approximately $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 274,981 shares of company stock valued at $20,138,516. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Stock Up 1.4%

Shares of NASDAQ:MNST opened at $82.00 on Friday. The firm has a market cap of $80.12 billion, a P/E ratio of 46.59, a P/E/G ratio of 2.15 and a beta of 0.46. Monster Beverage Corporation has a 12-month low of $45.70 and a 12-month high of $82.19. The business has a fifty day simple moving average of $75.94 and a 200 day simple moving average of $68.59.

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

Analysts Set New Price Targets

MNST has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Monster Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Monster Beverage from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Stifel Nicolaus set a $82.00 price target on Monster Beverage and gave the company a “buy” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Monster Beverage currently 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.