Monster Beverage Corporation $MNST Shares Acquired by Czech National Bank

Czech National Bank grew its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,066 shares of the company’s stock after purchasing an additional 7,032 shares during the quarter. Czech National Bank’s holdings in Monster Beverage were worth $14,419,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Harbor Investment Advisory LLC boosted its position in Monster Beverage by 136.7% in the 4th quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after buying an additional 205 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of Monster Beverage by 508.1% in the third quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after acquiring an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Monster Beverage during the third quarter worth $27,000. First Horizon Corp purchased a new stake in shares of Monster Beverage during the third quarter worth $29,000. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Monster Beverage by 49.0% in the third quarter. Armstrong Advisory Group Inc. now owns 444 shares of the company’s stock valued at $30,000 after acquiring an additional 146 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 $71.98 on Friday. Monster Beverage Corporation has a 12 month low of $54.73 and a 12 month high of $87.38. The firm has a market capitalization of $70.33 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The business’s fifty day moving average price is $79.68 and its 200 day moving average price is $74.09.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.39 EPS. Monster Beverage’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented 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 research note on Friday, December 19th. Argus increased their price target on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research cut Monster Beverage from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Stifel Nicolaus boosted their price objective on Monster Beverage from $82.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada upped their target price on shares of Monster Beverage from $83.00 to $88.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.95.

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.