Machina Capital S.A.S. Makes New $6.87 Million Investment in Monster Beverage Corporation $MNST

Machina Capital S.A.S. acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 165,117 shares of the company’s stock, valued at approximately $6,872,000. Monster Beverage comprises approximately 0.9% of Machina Capital S.A.S.’s portfolio, making the stock its 10th biggest position.

Other hedge funds also recently bought and sold shares of the company. Silver Grove Financial Group Inc. grew its holdings in shares of Monster Beverage by 224.2% in the third quarter. Silver Grove Financial Group Inc. now owns 1,819 shares of the company’s stock worth $76,000 after purchasing an additional 1,258 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Monster Beverage by 101.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 751,426 shares of the company’s stock worth $31,274,000 after buying an additional 378,791 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in Monster Beverage by 81.0% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 257,103 shares of the company’s stock worth $10,701,000 after buying an additional 115,027 shares during the period. Keybank National Association OH lifted its holdings in Monster Beverage by 79.3% during the 3rd quarter. Keybank National Association OH now owns 27,287 shares of the company’s stock valued at $1,136,000 after buying an additional 12,068 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in Monster Beverage by 101.1% during the 3rd quarter. Csenge Advisory Group now owns 18,353 shares of the company’s stock valued at $764,000 after buying an additional 9,227 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Monster Beverage Trading Down 0.7%

MNST opened at $45.34 on Wednesday. Monster Beverage Corporation has a 12-month low of $35.03 and a 12-month high of $50.17. The business’s fifty day simple moving average is $44.67 and its 200-day simple moving average is $43.34. The company has a market capitalization of $88.75 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.95 and a beta of 0.51.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. Monster Beverage had a return on equity of 24.99% and a net margin of 22.66%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. On average, equities research analysts predict that Monster Beverage Corporation will post 1.16 EPS for the current year.

Analysts Set New Price Targets

MNST has been the subject of several research reports. BMO Capital Markets reissued a “market perform” rating and issued a $47.00 price objective on shares of Monster Beverage in a research report on Monday. Sanford C. Bernstein upped their target price on shares of Monster Beverage from $50.00 to $51.00 and gave the stock a “market perform” rating in a research note on Monday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $55.00 target price on shares of Monster Beverage in a research report on Friday. Zacks Research raised shares of Monster Beverage from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, Morgan Stanley lifted their price target on shares of Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and an average target price of $67.07.

Monster Beverage Profile

Monster Beverage Corporation develops, markets and sells energy drinks and other beverages. Its portfolio includes Monster Energy, Reign, NOS and Full Throttle, along with products in categories such as sports drinks, juices and alcoholic beverages. The company traces its roots to Hansen’s, a beverage business established in the 1930s. It introduced the Monster Energy brand in 2002 and adopted the Monster Beverage name in 2012. Based in Corona, California, Monster sells its products in the United States and internationally.