Metis Global Partners LLC Has $2.27 Million Holdings in Monster Beverage Corporation $MNST

Metis Global Partners LLC decreased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,237 shares of the company’s stock after selling 3,841 shares during the period. Metis Global Partners LLC’s holdings in Monster Beverage were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MNST. Vanguard Group Inc. increased its holdings in Monster Beverage by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 64,786,624 shares of the company’s stock valued at $3,791,313,000 after purchasing an additional 1,151,175 shares in the last quarter. Invesco Ltd. increased its stake in shares of Monster Beverage by 6.6% in the first quarter. Invesco Ltd. now owns 9,154,347 shares of the company’s stock valued at $535,712,000 after buying an additional 563,353 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of Monster Beverage by 4.9% in the second quarter. Ninety One UK Ltd now owns 8,944,479 shares of the company’s stock valued at $560,282,000 after buying an additional 418,918 shares during the last quarter. Nuveen LLC acquired a new position in Monster Beverage during the 1st quarter worth about $497,157,000. Finally, Northern Trust Corp lifted its position in Monster Beverage by 1.0% during the 1st quarter. Northern Trust Corp now owns 7,431,658 shares of the company’s stock worth $434,901,000 after buying an additional 73,737 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Insider Activity

In other news, Director Mark Vidergauz sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total transaction of $637,300.00. Following the completion of the transaction, the director directly owned 51,191 shares in the company, valued at approximately $3,262,402.43. The trade was a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MNST shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group raised their price target on shares of Monster Beverage from $77.00 to $80.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus upped their price objective on Monster Beverage from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Monster Beverage in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $79.00 target price on shares of Monster Beverage in a research report on Tuesday, November 4th. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.41.

Monster Beverage Stock Performance

MNST opened at $69.73 on Monday. The company has a fifty day moving average price of $66.59 and a two-hundred day moving average price of $63.50. The firm has a market capitalization of $68.09 billion, a PE ratio of 43.31, a P/E/G ratio of 2.31 and a beta of 0.53. Monster Beverage Corporation has a 52 week low of $45.70 and a 52 week high of $72.62.

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

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.