United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys New Position in Monster Beverage Corporation $MNST

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Monster Beverage Corporation (NASDAQ:MNST) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,800 shares of the company’s stock, valued at approximately $739,000.

Other institutional investors have also made changes to their positions in the company. OMNI 360 Wealth Inc. bought a new position in Monster Beverage during the 2nd quarter valued at $365,000. waypoint wealth counsel bought a new stake in shares of Monster Beverage in the 2nd quarter worth about $314,000. Swiss National Bank raised its stake in shares of Monster Beverage by 7.4% in the 2nd quarter. Swiss National Bank now owns 2,209,500 shares of the company’s stock valued at $138,403,000 after purchasing an additional 152,300 shares in the last quarter. Avior Wealth Management LLC grew its stake in Monster Beverage by 35.3% in the second quarter. Avior Wealth Management LLC now owns 22,146 shares of the company’s stock worth $1,387,000 after purchasing an additional 5,781 shares in the last quarter. Finally, Prudential PLC grew its stake in Monster Beverage by 76.4% in the second quarter. Prudential PLC now owns 108,930 shares of the company’s stock worth $6,823,000 after purchasing an additional 47,165 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on MNST shares. Bank of America increased their target price on Monster Beverage from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Monster Beverage in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Monster Beverage in a research note on Monday. Zacks Research upgraded Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Monster Beverage from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $69.62.

Insider Activity at Monster Beverage

In related news, insider Guy Carling sold 38,438 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $71.33, for a total value of $2,741,782.54. Following the completion of the transaction, the insider owned 21,993 shares of the company’s stock, valued at approximately $1,568,760.69. This trade represents a 63.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Monster Beverage Price Performance

NASDAQ MNST opened at $75.04 on Thursday. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $75.27. The company’s 50 day simple moving average is $68.79 and its 200 day simple moving average is $64.61. The company has a market capitalization of $73.32 billion, a P/E ratio of 46.61, a PEG ratio of 2.31 and a beta of 0.53.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data 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. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, analysts anticipate that Monster Beverage Corporation will post 1.62 earnings per share for the current year.

Monster Beverage Company 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.