Candriam S.C.A. Increases Stake in Monster Beverage Corporation $MNST

Candriam S.C.A. grew its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 45.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,789 shares of the company’s stock after buying an additional 20,116 shares during the quarter. Candriam S.C.A.’s holdings in Monster Beverage were worth $4,361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in Monster Beverage by 222.4% during the third quarter. Exchange Traded Concepts LLC now owns 50,296 shares of the company’s stock valued at $3,385,000 after buying an additional 34,697 shares during the last quarter. Prudential PLC increased 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 acquiring an additional 47,165 shares during the last quarter. VestGen Advisors LLC raised its position in Monster Beverage by 449.4% in the 2nd quarter. VestGen Advisors LLC now owns 21,974 shares of the company’s stock worth $1,376,000 after purchasing an additional 17,974 shares during the period. Perigon Wealth Management LLC raised its holdings in shares of Monster Beverage by 87.8% in the third quarter. Perigon Wealth Management LLC now owns 32,141 shares of the company’s stock worth $2,163,000 after buying an additional 15,029 shares during the period. Finally, ABN AMRO Bank N.V. bought a new stake in shares of Monster Beverage during the third quarter worth $59,170,000. 72.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Monster Beverage

In other news, Director Rodney C. Sacks sold 206,543 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MNST. Roth Mkm reiterated a “neutral” rating and issued a $70.00 price target on shares of Monster Beverage in a report on Wednesday, December 3rd. Piper Sandler set a $85.00 price objective on shares of Monster Beverage in a research note on Wednesday, December 3rd. Bank of America raised their price target on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, December 19th. UBS Group reissued a “neutral” rating and set a $84.00 price objective (up from $75.00) on shares of Monster Beverage in a report on Wednesday, January 14th. Finally, BNP Paribas Exane upgraded Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a research report on Friday, January 16th. Fourteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Monster Beverage currently has an average rating of “Moderate Buy” and a consensus target price of $78.90.

Monster Beverage Stock Up 0.8%

MNST opened at $80.79 on Thursday. Monster Beverage Corporation has a 52-week low of $47.32 and a 52-week high of $83.24. The company has a market cap of $78.93 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 2.08 and a beta of 0.45. The firm’s fifty day simple moving average is $77.86 and its two-hundred day simple moving average is $70.57.

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.