Monster Beverage Corporation $MNST Shares Bought by Czech National Bank

Czech National Bank grew its stake in Monster Beverage Corporation (NASDAQ:MNST) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,066 shares of the company’s stock after buying an additional 7,032 shares during the period. Czech National Bank’s holdings in Monster Beverage were worth $14,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MNST. Physician Wealth Advisors Inc. raised its stake in Monster Beverage by 508.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 377 shares of the company’s stock worth $25,000 after acquiring an additional 315 shares in the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Monster Beverage in the third quarter valued at $27,000. Harbor Investment Advisory LLC boosted its stake in Monster Beverage by 136.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 355 shares of the company’s stock valued at $27,000 after acquiring an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Monster Beverage by 1,338.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock worth $28,000 after purchasing an additional 415 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of Monster Beverage during the third quarter worth about $29,000. 72.36% of the stock is owned by hedge funds and other institutional investors.

Monster Beverage Stock Performance

Shares of MNST opened at $71.98 on Friday. Monster Beverage Corporation has a fifty-two week low of $54.73 and a fifty-two week high of $87.38. The firm has a 50-day simple moving average of $79.68 and a 200-day simple moving average of $74.09. The company has a market capitalization of $70.33 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Monster Beverage had a return on equity of 27.38% and a net margin of 22.97%.The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current year.

Analyst Upgrades and Downgrades

MNST has been the subject of several research reports. Bank of America boosted their target price on Monster Beverage from $77.00 to $85.00 and gave the company a “buy” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft raised their price target on Monster Beverage from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. BNP Paribas Exane raised Monster Beverage from an “underperform” rating to a “neutral” rating and set a $77.00 price target on the stock in a research report on Friday, January 16th. Wall Street Zen cut Monster Beverage from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Monster Beverage in a report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.95.

About Monster Beverage

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.