Dimensional Fund Advisors LP Purchases 119,797 Shares of Monster Beverage Corporation $MNST

Dimensional Fund Advisors LP boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,906,004 shares of the company’s stock after buying an additional 119,797 shares during the period. Dimensional Fund Advisors LP owned about 0.40% of Monster Beverage worth $262,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after acquiring an additional 2,122,685 shares during the period. State Street Corp boosted its position in shares of Monster Beverage by 2.6% during the 2nd quarter. State Street Corp now owns 34,929,818 shares of the company’s stock valued at $2,188,004,000 after acquiring an additional 900,479 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in Monster Beverage by 1.5% in the second quarter. Loomis Sayles & Co. L P now owns 26,450,305 shares of the company’s stock valued at $1,656,847,000 after acquiring an additional 385,692 shares during the period. Geode Capital Management LLC increased its stake in Monster Beverage by 4.1% in the second quarter. Geode Capital Management LLC now owns 18,680,424 shares of the company’s stock valued at $1,165,292,000 after acquiring an additional 742,518 shares during the period. Finally, Invesco Ltd. raised its position in Monster Beverage by 20.0% in the second quarter. Invesco Ltd. now owns 10,983,411 shares of the company’s stock worth $688,001,000 after purchasing an additional 1,829,064 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insiders Place Their Bets

In other Monster Beverage news, insider Emelie Tirre sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the insider owned 63,939 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $73.58, for a total value of $15,197,433.94. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by insiders.

Monster Beverage Trading Down 1.4%

NASDAQ:MNST opened at $75.61 on Friday. Monster Beverage Corporation has a 1 year low of $54.00 and a 1 year high of $87.38. The firm has a 50 day moving average of $80.19 and a 200-day moving average of $72.90. The stock has a market capitalization of $73.87 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.51 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 business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company earned $0.39 EPS. Monster Beverage’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MNST shares. JPMorgan Chase & Co. upped their price objective on Monster Beverage from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. UBS Group raised their target price on Monster Beverage from $84.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Monster Beverage in a research note on Wednesday, December 3rd. Argus upped 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. Finally, Bank of America increased their price objective on Monster Beverage from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Fourteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.14.

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.