National Pension Service Acquires 8,168 Shares of Monster Beverage Corporation $MNST

National Pension Service grew its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065,795 shares of the company’s stock after buying an additional 8,168 shares during the period. National Pension Service’s holdings in Monster Beverage were worth $66,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of MNST. CWM LLC grew its position in shares of Monster Beverage by 1.4% during the first quarter. CWM LLC now owns 17,793 shares of the company’s stock valued at $1,041,000 after purchasing an additional 254 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Monster Beverage by 5.8% during the 1st quarter. Bleakley Financial Group LLC now owns 14,365 shares of the company’s stock valued at $841,000 after acquiring an additional 787 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Monster Beverage in the first quarter valued at $3,479,000. Apollon Wealth Management LLC increased its position in Monster Beverage by 6.3% in the first quarter. Apollon Wealth Management LLC now owns 15,414 shares of the company’s stock worth $902,000 after purchasing an additional 918 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its stake in Monster Beverage by 25.4% during the first quarter. Wealthfront Advisers LLC now owns 78,739 shares of the company’s stock valued at $4,608,000 after purchasing an additional 15,964 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MNST has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of Monster Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group upped their price target on shares of Monster Beverage from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Citigroup reaffirmed a “buy” rating and set a $79.00 target price (up previously from $76.00) on shares of Monster Beverage in a research note on Thursday, October 9th. Finally, Evercore ISI lifted their target price on Monster Beverage from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Thirteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Hold” and an average price target of $69.62.

Monster Beverage Price Performance

Shares of NASDAQ MNST opened at $71.08 on Friday. The stock has a market capitalization of $69.40 billion, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.53. The business has a fifty day moving average price of $67.22 and a 200 day moving average price of $63.77. Monster Beverage Corporation has a 1-year low of $45.70 and a 1-year high of $72.62.

Monster Beverage (NASDAQ:MNST) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Monster Beverage had a net margin of 20.54% and a return on equity of 27.46%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities research analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current fiscal year.

Monster Beverage Profile

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.