Czech National Bank Has $12.19 Million Stock Position in Monster Beverage Corporation $MNST

Czech National Bank grew its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,034 shares of the company’s stock after purchasing an additional 9,370 shares during the period. Czech National Bank’s holdings in Monster Beverage were worth $12,185,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. waypoint wealth counsel acquired a new stake in shares of Monster Beverage in the second quarter valued at about $314,000. Prudential PLC boosted its position in Monster Beverage by 76.4% during the second quarter. Prudential PLC now owns 108,930 shares of the company’s stock valued at $6,823,000 after purchasing an additional 47,165 shares during the last quarter. VestGen Advisors LLC boosted its position in Monster Beverage by 449.4% during the second quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock valued at $1,376,000 after purchasing an additional 17,974 shares during the last quarter. Swiss National Bank grew its stake in Monster Beverage by 7.4% in the second quarter. Swiss National Bank now owns 2,209,500 shares of the company’s stock valued at $138,403,000 after purchasing an additional 152,300 shares in the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new position in shares of Monster Beverage during the 2nd quarter worth approximately $365,000. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other news, insider Guy Carling sold 38,438 shares of the business’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 transaction of $2,741,782.54. Following the completion of the sale, the insider owned 21,993 shares in the company, valued at $1,568,760.69. The trade was a 63.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 63,939 shares in the company, valued at $4,687,368.09. The trade was a 31.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 274,981 shares of company stock worth $20,138,516 over the last three months. Insiders own 8.30% of the company’s stock.

Monster Beverage Price Performance

NASDAQ:MNST opened at $75.46 on Friday. The company has a market cap of $73.73 billion, a P/E ratio of 42.88, a P/E/G ratio of 2.23 and a beta of 0.48. The firm’s fifty day moving average price is $71.35 and its two-hundred day moving average price is $65.88. Monster Beverage Corporation has a one year low of $45.70 and a one year high of $76.28.

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 analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Monster Beverage had a net margin of 21.65% and a return on equity of 27.76%. Monster Beverage’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. As a group, equities research analysts expect that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MNST shares. Deutsche Bank Aktiengesellschaft increased their price objective on Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $81.00 price target (up from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Roth Capital reissued a “neutral” rating and issued a $70.00 price objective on shares of Monster Beverage in a research report on Wednesday, December 3rd. Wells Fargo & Company restated an “overweight” rating and set a $83.00 price objective (up from $75.00) on shares of Monster Beverage in a research note on Wednesday, December 3rd. Finally, Piper Sandler set a $85.00 target price on shares of Monster Beverage in a report on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.29.

About Monster Beverage

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.