ABN Amro Investment Solutions Grows Stock Position in Monster Beverage Corporation $MNST

ABN Amro Investment Solutions grew its stake in Monster Beverage Corporation (NASDAQ:MNST) by 399.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 59,544 shares of the company’s stock after purchasing an additional 47,627 shares during the period. ABN Amro Investment Solutions’ holdings in Monster Beverage were worth $4,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of MNST. Jones Financial Companies Lllp lifted its holdings in Monster Beverage by 397.9% in the first quarter. Jones Financial Companies Lllp now owns 15,201 shares of the company’s stock valued at $890,000 after acquiring an additional 12,148 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Monster Beverage by 247.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 12,986 shares of the company’s stock worth $813,000 after purchasing an additional 9,251 shares during the period. MGO One Seven LLC increased its holdings in shares of Monster Beverage by 7.9% during the 2nd quarter. MGO One Seven LLC now owns 7,083 shares of the company’s stock valued at $444,000 after purchasing an additional 519 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of Monster Beverage by 203.3% in the 2nd quarter. Ritholtz Wealth Management now owns 15,583 shares of the company’s stock valued at $976,000 after purchasing an additional 10,445 shares during the period. Finally, Mutual Advisors LLC lifted its stake in shares of Monster Beverage by 11.0% in the 2nd quarter. Mutual Advisors LLC now owns 4,001 shares of the company’s stock valued at $243,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Insider Buying and Selling at Monster Beverage

In other news, insider Emelie Tirre sold 30,000 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $73.31, for a total transaction of $2,199,300.00. Following the completion of the sale, the insider owned 63,939 shares of the company’s stock, valued at $4,687,368.09. This represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rodney C. Sacks sold 206,543 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $73.58, for a total transaction of $15,197,433.94. The SEC filing for this sale provides additional information. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $81.00 price target (up previously from $75.00) on shares of Monster Beverage in a research report on Monday, December 1st. Citigroup reissued a “buy” rating and set a $90.00 target price (up from $87.00) on shares of Monster Beverage in a research note on Wednesday, January 14th. BMO Capital Markets restated a “market perform” rating and set a $73.00 target price (up from $53.00) on shares of Monster Beverage in a research report on Wednesday, December 3rd. Roth Mkm restated a “neutral” rating and issued a $70.00 price target on shares of Monster Beverage in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group upped their price target on Monster Beverage from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Fourteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Monster Beverage presently has a consensus rating of “Moderate Buy” and an average price target of $78.90.

Monster Beverage Price Performance

NASDAQ MNST opened at $81.48 on Monday. The company has a market cap of $79.61 billion, a PE ratio of 46.30, a price-to-earnings-growth ratio of 2.12 and a beta of 0.45. The stock’s 50 day simple moving average is $78.17 and its 200-day simple moving average is $70.93. Monster Beverage Corporation has a 1-year low of $48.95 and a 1-year high of $83.24.

Monster Beverage 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.