Banco Bilbao Vizcaya Argentaria S.A. Grows Position in Monster Beverage Corporation $MNST

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,543 shares of the company’s stock after purchasing an additional 2,489 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Monster Beverage were worth $1,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MNST. Ashton Thomas Securities LLC increased its position in shares of Monster Beverage by 1.0% in the 2nd quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company’s stock valued at $1,064,000 after acquiring an additional 174 shares during the period. Pinnacle Associates Ltd. grew its stake in Monster Beverage by 4.0% during the 1st quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in shares of Monster Beverage by 1.0% in the second quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company’s stock valued at $1,263,000 after purchasing an additional 190 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Monster Beverage by 2.9% in the second quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company’s stock valued at $420,000 after purchasing an additional 191 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Monster Beverage by 6.7% in the second quarter. Blue Trust Inc. now owns 3,293 shares of the company’s stock worth $206,000 after purchasing an additional 207 shares during the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 stock was sold at an average price of $71.33, for a total value of $2,741,782.54. Following the sale, the insider directly owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

MNST has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Monster Beverage from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Monster Beverage in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Monster Beverage in a report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Monster Beverage from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Roth Capital reaffirmed a “neutral” rating and set a $60.00 price target (up from $56.00) on shares of Monster Beverage in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.62.

Monster Beverage Stock Performance

MNST opened at $71.84 on Tuesday. The company has a fifty day moving average of $67.57 and a two-hundred day moving average of $64.01. The stock has a market capitalization of $70.19 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.31 and a beta of 0.53. Monster Beverage Corporation has a fifty-two week low of $45.70 and a fifty-two week high of $73.03.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Thursday, November 6th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.