Natixis Advisors LLC Grows Stock Holdings in Monster Beverage Corporation $MNST

Natixis Advisors LLC grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,845,693 shares of the company’s stock after acquiring an additional 36,560 shares during the period. Natixis Advisors LLC owned about 0.19% of Monster Beverage worth $124,234,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Monster Beverage during the 2nd quarter valued at about $544,584,000. Schroder Investment Management Group grew its position in shares of 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 during the last quarter. AQR Capital Management LLC grew its position in shares of Monster Beverage by 467.0% in the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock worth $422,996,000 after buying an additional 5,641,160 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Monster Beverage by 3.2% during the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after buying an additional 2,122,685 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Monster Beverage by 1,126.9% during the second quarter. Marshall Wace LLP now owns 2,121,758 shares of the company’s stock valued at $132,907,000 after buying an additional 1,948,827 shares during the period. 72.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MNST. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research note on Monday, December 29th. BNP Paribas Exane raised shares of Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price objective on the stock in a research report on Friday, January 16th. Wells Fargo & Company upped their price objective on shares of Monster Beverage from $86.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Jefferies Financial Group raised their target price on shares of Monster Beverage from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Bank of America lifted their target price on shares of Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Fourteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Monster Beverage currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.14.

Monster Beverage Trading Down 1.4%

Monster Beverage stock opened at $75.61 on Monday. Monster Beverage Corporation has a 12 month low of $54.00 and a 12 month high of $87.38. The company has a market capitalization of $73.87 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44. The business’s fifty day simple moving average is $80.19 and its two-hundred day simple moving average is $73.02.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.Monster Beverage’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict that Monster Beverage Corporation will post 1.62 EPS for the current year.

Insider Transactions at Monster Beverage

In other news, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total value of $2,199,300.00. Following the sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. 7.80% of the stock is currently owned by company insiders.

Monster Beverage 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.