Barclays PLC Sells 2,187,882 Shares of Monster Beverage Corporation $MNST

Barclays PLC decreased its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 30.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,985,294 shares of the company’s stock after selling 2,187,882 shares during the period. Barclays PLC owned 0.51% of Monster Beverage worth $335,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Monster Beverage during the second quarter valued at approximately $544,584,000. Schroder Investment Management Group lifted its holdings in Monster Beverage by 4,877.8% during the second quarter. Schroder Investment Management Group now owns 7,283,879 shares of the company’s stock worth $456,262,000 after buying an additional 7,137,552 shares during the period. AQR Capital Management LLC boosted its position in Monster Beverage by 467.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,849,036 shares of the company’s stock valued at $422,996,000 after acquiring an additional 5,641,160 shares in the last quarter. Vanguard Group Inc. boosted its position in Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after acquiring an additional 2,122,685 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Monster Beverage by 1,126.9% in the 2nd quarter. Marshall Wace LLP now owns 2,121,758 shares of the company’s stock valued at $132,907,000 after acquiring an additional 1,948,827 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Ratings Changes

MNST has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Monster Beverage from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Wells Fargo & Company lifted their target price on Monster Beverage from $86.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Piper Sandler boosted their target price on shares of Monster Beverage from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Evercore increased their price target on shares of Monster Beverage from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Jefferies Financial Group raised their price target on shares of Monster Beverage from $80.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.14.

Insider Buying and Selling at Monster Beverage

In related news, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company’s stock.

Monster Beverage Trading Down 1.4%

Shares of NASDAQ:MNST opened at $75.61 on Friday. Monster Beverage Corporation has a twelve month low of $54.00 and a twelve month high of $87.38. The company has a market cap of $73.87 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44. The company’s 50 day moving average is $80.19 and its 200 day moving average is $72.90.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Equities research analysts predict that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

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.