Raiffeisen Bank International AG Buys New Position in Monster Beverage Co. (NASDAQ:MNST)

Raiffeisen Bank International AG bought a new stake in Monster Beverage Co. (NASDAQ:MNST) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,598 shares of the company’s stock, valued at approximately $189,000.

A number of other large investors have also recently made changes to their positions in MNST. Migdal Insurance & Financial Holdings Ltd. lifted its position in Monster Beverage by 62.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 528 shares of the company’s stock worth $28,000 after acquiring an additional 203 shares during the period. Spire Wealth Management acquired a new stake in Monster Beverage during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Monster Beverage during the 4th quarter worth approximately $31,000. Geneos Wealth Management Inc. acquired a new stake in Monster Beverage during the 4th quarter worth approximately $33,000. Finally, Coppell Advisory Solutions LLC lifted its position in Monster Beverage by 259.2% during the 4th quarter. Coppell Advisory Solutions LLC now owns 686 shares of the company’s stock worth $36,000 after acquiring an additional 495 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

Monster Beverage Stock Performance

NASDAQ MNST opened at $62.86 on Monday. Monster Beverage Co. has a 1-year low of $43.32 and a 1-year high of $62.92. The company has a market capitalization of $61.30 billion, a P/E ratio of 40.30, a PEG ratio of 2.28 and a beta of 0.63. The business has a 50 day moving average price of $58.49 and a 200 day moving average price of $54.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.13 and a quick ratio of 2.51.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.97 billion. Monster Beverage had a return on equity of 23.31% and a net margin of 21.66%. Monster Beverage’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. Sell-side analysts expect that Monster Beverage Co. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

MNST has been the subject of a number of recent research reports. Citigroup increased their price objective on Monster Beverage from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Piper Sandler increased their price objective on Monster Beverage from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. UBS Group increased their price objective on Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Truist Financial raised their price target on Monster Beverage from $40.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, April 23rd. Finally, Roth Capital raised their price target on Monster Beverage from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $60.50.

Insiders Place Their Bets

In other Monster Beverage news, CFO Thomas J. Kelly sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.27, for a total transaction of $552,700.00. Following the completion of the transaction, the chief financial officer now owns 72,273 shares of the company’s stock, valued at approximately $3,994,528.71. This trade represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Guy Carling sold 47,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $55.02, for a total value of $2,585,940.00. Following the transaction, the insider now directly owns 21,993 shares of the company’s stock, valued at $1,210,054.86. The trade was a 68.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,316 shares of company stock valued at $11,484,440. Corporate insiders own 8.30% of the company’s stock.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.