Universal Beteiligungs und Servicegesellschaft mbH Has $151.61 Million Stock Holdings in Monster Beverage Corporation $MNST

Universal Beteiligungs und Servicegesellschaft mbH cut its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,968,350 shares of the company’s stock after selling 37,375 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Monster Beverage were worth $151,607,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MNST. Vanguard Group Inc. boosted 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 buying an additional 2,122,685 shares during the period. State Street Corp boosted its holdings in shares of Monster Beverage by 8.0% during the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock worth $2,538,872,000 after buying an additional 2,789,273 shares during the period. Invesco Ltd. boosted its holdings in shares of Monster Beverage by 6.3% during the 3rd quarter. Invesco Ltd. now owns 11,675,603 shares of the company’s stock worth $785,885,000 after buying an additional 692,192 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Monster Beverage by 11.3% during the 3rd quarter. Ninety One UK Ltd now owns 9,957,835 shares of the company’s stock worth $670,262,000 after buying an additional 1,013,356 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in shares of Monster Beverage by 12.2% during the 3rd quarter. Schroder Investment Management Group now owns 8,175,683 shares of the company’s stock worth $547,444,000 after buying an additional 891,804 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Monster Beverage Stock Down 2.5%

NASDAQ MNST opened at $75.27 on Wednesday. The company has a market capitalization of $73.61 billion, a P/E ratio of 38.80, a P/E/G ratio of 2.70 and a beta of 0.51. Monster Beverage Corporation has a 12-month low of $57.86 and a 12-month high of $87.38. The firm has a 50-day moving average price of $77.28 and a two-hundred day moving average price of $75.37.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. Monster Beverage had a net margin of 22.97% and a return on equity of 27.38%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts expect that Monster Beverage Corporation will post 2.29 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler lifted 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. Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 target price (up from $87.00) on shares of Monster Beverage in a report on Monday, January 26th. Royal Bank Of Canada set a $86.00 target price on shares of Monster Beverage in a report on Thursday, April 9th. Wall Street Zen downgraded shares of Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, UBS Group reduced their target price on shares of Monster Beverage from $92.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Fourteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Monster Beverage has an average rating of “Moderate Buy” and an average price target of $83.00.

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.