Monster Beverage Corporation $MNST Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Monster Beverage Corporation (NASDAQ:MNST) by 32.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,778,496 shares of the company’s stock after buying an additional 932,252 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Monster Beverage were worth $157,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNST. Johnson Financial Group Inc. acquired a new position in Monster Beverage during the 2nd quarter valued at about $27,000. Jones Financial Companies Lllp bought a new stake in shares of Monster Beverage during the 2nd quarter worth about $28,000. Trust Co. of Vermont bought a new stake in shares of Monster Beverage during the 2nd quarter worth about $30,000. NBH Bank bought a new stake in shares of Monster Beverage during the 2nd quarter worth about $32,000. Finally, Clearstead Trust LLC acquired a new stake in shares of Monster Beverage in the 2nd quarter worth approximately $32,000. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of several recent analyst reports. BNP Paribas Exane reiterated a “neutral” rating and issued a $98.00 price objective (up from $84.00) on shares of Monster Beverage in a report on Monday, September 28th. Weiss Ratings cut Monster Beverage from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on Monster Beverage from $83.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. UBS Group upped their target price on Monster Beverage from $52.00 to $52.50 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Monster Beverage in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Monster Beverage presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.07.

Monster Beverage Trading Down 0.9%

Shares of Monster Beverage stock opened at $46.63 on Thursday. Monster Beverage Corporation has a 52 week low of $32.94 and a 52 week high of $50.17. The stock has a market cap of $91.35 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 2.92 and a beta of 0.49. The company’s 50-day moving average price is $44.77 and its two-hundred day moving average price is $44.38.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Monster Beverage had a net margin of 23.08% and a return on equity of 26.02%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities analysts predict that Monster Beverage Corporation will post 1.16 EPS for the current fiscal year.

Monster Beverage Company Profile

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.