Monster Beverage Corporation $MNST Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,025 shares of the company’s stock after acquiring an additional 57,389 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Monster Beverage were worth $24,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Monster Beverage by 3.2% during the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after purchasing an additional 2,122,685 shares in the last quarter. State Street Corp grew its holdings in shares of Monster Beverage by 2.6% in the second quarter. State Street Corp now owns 34,929,818 shares of the company’s stock valued at $2,188,004,000 after purchasing an additional 900,479 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Monster Beverage by 1.5% during the 2nd quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock worth $1,656,847,000 after buying an additional 385,692 shares during the period. Geode Capital Management LLC lifted its holdings in Monster Beverage by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock worth $1,165,292,000 after buying an additional 742,518 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Monster Beverage by 20.0% in the 2nd quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock valued at $688,001,000 after buying an additional 1,829,064 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MNST has been the topic of a number of recent research reports. Bank of America upped their price objective on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Argus upped their price target on Monster Beverage from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $81.00 price target (up previously from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. JPMorgan Chase & Co. boosted their price objective on Monster Beverage from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $73.00 target price (up previously from $53.00) 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.90.

Insider Activity at Monster Beverage

In other Monster Beverage 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 value of $15,197,433.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emelie Tirre sold 30,000 shares of Monster Beverage stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $73.31, for a total value of $2,199,300.00. Following the sale, the insider owned 63,939 shares in the company, valued at $4,687,368.09. This trade represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by insiders.

Monster Beverage Stock Up 1.7%

MNST stock opened at $82.90 on Wednesday. The business has a 50 day moving average price of $78.51 and a 200 day moving average price of $71.26. The stock has a market cap of $81.00 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 2.12 and a beta of 0.45. Monster Beverage Corporation has a fifty-two week low of $48.95 and a fifty-two week high of $83.24.

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.