ABN Amro Investment Solutions Buys 47,627 Shares of Monster Beverage Corporation $MNST

ABN Amro Investment Solutions increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 399.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,544 shares of the company’s stock after buying an additional 47,627 shares during the period. ABN Amro Investment Solutions’ holdings in Monster Beverage were worth $4,008,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Access Investment Management LLC purchased a new position in shares of Monster Beverage during the second quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its holdings in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after purchasing an additional 315 shares during the period. Steigerwald Gordon & Koch Inc. purchased a new position in Monster Beverage during the 3rd quarter worth $27,000. Salomon & Ludwin LLC bought a new stake in Monster Beverage during the 2nd quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Monster Beverage by 1,338.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after buying an additional 415 shares during the period. 72.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Monster Beverage

In other Monster Beverage news, Director Rodney C. Sacks sold 206,543 shares of Monster Beverage 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Emelie Tirre sold 30,000 shares of the stock in a transaction on 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 completion of the sale, the insider owned 63,939 shares in the company, valued at $4,687,368.09. The trade was a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.80% of the company’s stock.

Monster Beverage Stock Performance

Shares of MNST opened at $81.48 on Monday. The stock has a 50-day moving average of $78.17 and a two-hundred day moving average of $70.93. The stock has a market cap of $79.61 billion, a P/E ratio of 46.30, a P/E/G ratio of 2.12 and a beta of 0.45. Monster Beverage Corporation has a one year low of $48.95 and a one year high of $83.24.

Analysts Set New Price Targets

Several brokerages have recently commented on MNST. Stifel Nicolaus set a $82.00 price target on Monster Beverage and gave the company a “buy” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on shares of Monster Beverage from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. The Goldman Sachs Group upped their price target on shares of Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Finally, Piper Sandler set a $85.00 price objective on shares of Monster Beverage in a report on Wednesday, December 3rd. Fourteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.90.

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.