Robeco Institutional Asset Management B.V. Acquires 416,050 Shares of Monster Beverage Corporation $MNST

Robeco Institutional Asset Management B.V. raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 1,447.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,784 shares of the company’s stock after purchasing an additional 416,050 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Monster Beverage were worth $27,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Pinnacle Associates Ltd. lifted its position in Monster Beverage by 4.0% during the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company’s stock valued at $286,000 after purchasing an additional 189 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Monster Beverage by 37.1% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company’s stock valued at $42,000 after purchasing an additional 196 shares during the last quarter. Conning Inc. lifted its position in Monster Beverage by 3.9% during the first quarter. Conning Inc. now owns 5,853 shares of the company’s stock valued at $343,000 after purchasing an additional 219 shares during the last quarter. Eastern Bank raised its stake in shares of Monster Beverage by 3.0% in the first quarter. Eastern Bank now owns 7,527 shares of the company’s stock valued at $440,000 after acquiring an additional 221 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Monster Beverage by 21.2% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company’s stock valued at $77,000 after acquiring an additional 230 shares during the period. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Price Performance

MNST stock opened at $67.17 on Friday. The company has a market capitalization of $65.59 billion, a PE ratio of 41.72, a P/E/G ratio of 2.35 and a beta of 0.54. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $67.89. The firm’s 50-day moving average is $63.47 and its 200 day moving average is $61.57.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.08 billion. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. Sell-side analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MNST. Redburn Atlantic downgraded shares of Monster Beverage from a “strong-buy” rating to a “hold” rating and reduced their target price for the company from $63.00 to $60.00 in a research note on Wednesday, July 9th. Citigroup increased their target price on shares of Monster Beverage from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. UBS Group increased their target price on shares of Monster Beverage from $64.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Stifel Nicolaus began coverage on shares of Monster Beverage in a research note on Thursday, June 12th. They issued a “buy” rating and a $72.00 target price on the stock. Finally, Roth Capital reissued a “neutral” rating and issued a $60.00 target price (up previously from $56.00) on shares of Monster Beverage in a research note on Wednesday, August 13th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.19.

Insider Buying and Selling

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $63.73, for a total transaction of $637,300.00. Following the transaction, the director owned 51,191 shares of the company’s stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.