Commerzbank Aktiengesellschaft FI Boosts Holdings in Monster Beverage Corporation $MNST

Commerzbank Aktiengesellschaft FI grew its stake in Monster Beverage Corporation (NASDAQ:MNST) by 76.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,167 shares of the company’s stock after purchasing an additional 52,453 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Monster Beverage were worth $8,156,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MNST. Exchange Traded Concepts LLC boosted its stake in Monster Beverage by 222.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock worth $3,385,000 after purchasing an additional 34,697 shares during the last quarter. waypoint wealth counsel purchased a new position in shares of Monster Beverage in the second quarter worth 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 worth $6,823,000 after acquiring 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 worth $1,376,000 after acquiring an additional 17,974 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its stake in Monster Beverage by 87.8% during the 3rd quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock valued at $2,163,000 after acquiring an additional 15,029 shares in the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Price Performance

NASDAQ MNST opened at $82.00 on Friday. The stock has a market capitalization of $80.12 billion, a P/E ratio of 46.59, a PEG ratio of 2.15 and a beta of 0.46. The firm’s 50-day moving average is $75.94 and its two-hundred day moving average is $68.59. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $82.19.

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

Insider Transactions at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $4,687,368.09. This represents a 31.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total value of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,981 shares of company stock worth $20,138,516 over the last ninety days. Company insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Bank of America boosted their target price on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 19th. BNP Paribas Exane upgraded 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 reissued an “overweight” rating and set a $86.00 price objective (up previously from $83.00) on shares of Monster Beverage in a research note on Monday, January 5th. Citigroup reaffirmed a “buy” rating and issued a $90.00 target price (up from $87.00) on shares of Monster Beverage in a research note on Wednesday, January 14th. Finally, Argus upgraded Monster Beverage to a “strong-buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.62.

About Monster Beverage

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.