Kepler Cheuvreux Suisse SA Cuts Stock Position in Monster Beverage Corporation $MNST

Kepler Cheuvreux Suisse SA lowered its stake in Monster Beverage Corporation (NASDAQ:MNST) by 51.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,242 shares of the company’s stock after selling 44,921 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Monster Beverage were worth $3,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Monster Beverage by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 67,980,692 shares of the company’s stock worth $5,212,080,000 after buying an additional 497,108 shares during the last quarter. State Street Corp grew its stake in shares of Monster Beverage by 8.0% in 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 last quarter. Invesco Ltd. grew its stake in shares of Monster Beverage by 6.3% in 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 last quarter. Schroder Investment Management Group grew its stake in shares of Monster Beverage by 12.2% in 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 last quarter. Finally, Northern Trust Corp grew its stake in shares of Monster Beverage by 1.2% in the 3rd quarter. Northern Trust Corp now owns 7,867,341 shares of the company’s stock worth $529,551,000 after buying an additional 95,919 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $100.00 price objective on shares of Monster Beverage in a report on Wednesday, March 11th. TD Cowen decreased their price objective on shares of Monster Beverage from $88.00 to $80.00 and set a “hold” rating for the company in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating and issued a $100.00 price objective on shares of Monster Beverage in a report on Sunday. JPMorgan Chase & Co. decreased their price objective on shares of Monster Beverage from $81.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, UBS Group restated a “neutral” rating and issued a $84.00 price objective (up from $80.00) on shares of Monster Beverage in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $87.20.

Monster Beverage Stock Down 0.0%

Shares of NASDAQ MNST opened at $86.25 on Monday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $88.77. The firm has a market cap of $84.34 billion, a P/E ratio of 41.67, a PEG ratio of 3.07 and a beta of 0.50. The company has a 50 day moving average of $76.12 and a 200 day moving average of $75.94.

Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a net margin of 23.11% and a return on equity of 26.86%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. As a group, equities analysts expect that Monster Beverage Corporation will post 2.29 earnings per share for the current fiscal year.

More Monster Beverage News

Here are the key news stories impacting Monster Beverage this week:

• Positive Sentiment: Monster Beverage reported first-quarter EPS of $0.58, beating the $0.53 consensus estimate, on revenue of $2.32 billion versus expectations of $2.16 billion. Sales rose 22.6% year over year, supporting the stock’s move higher. Monster Beverage earnings report
• Positive Sentiment: Royal Bank of Canada raised its price target to $88 from $86 and kept an outperform rating, signaling continued confidence in Monster Beverage’s outlook.
• Positive Sentiment: Deutsche Bank lifted its target to $94 from $88 and reiterated a buy rating, implying additional upside if growth remains strong.
• Positive Sentiment: Wells Fargo increased its target to $87 from $85 and maintained an overweight rating, while Evercore raised its target to $95 from $90 and kept an outperform rating.
• Neutral Sentiment: Management highlighted particularly strong international demand, with overseas sales up sharply and now making up a larger share of total revenue. This supports the growth story, but investors may still watch whether that momentum persists.

Monster Beverage Company 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.