Capital International Inc. CA Has $6.01 Million Stock Position in Monster Beverage Corporation $MNST

Capital International Inc. CA reduced its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 78,405 shares of the company’s stock after selling 31,934 shares during the period. Capital International Inc. CA’s holdings in Monster Beverage were worth $6,011,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System grew its stake in shares of Monster Beverage by 3.4% in the fourth quarter. New York State Teachers Retirement System now owns 637,066 shares of the company’s stock valued at $48,844,000 after buying an additional 21,169 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Monster Beverage by 7.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,605,873 shares of the company’s stock worth $122,303,000 after purchasing an additional 116,510 shares during the period. Nordea Investment Management AB boosted its position in Monster Beverage by 12.2% during the fourth quarter. Nordea Investment Management AB now owns 880,061 shares of the company’s stock worth $67,738,000 after purchasing an additional 95,606 shares during the period. Vanguard Group Inc. boosted its position in Monster Beverage by 3.2% during the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock worth $4,542,320,000 after purchasing an additional 2,122,685 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in Monster Beverage by 19.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 357,025 shares of the company’s stock worth $24,031,000 after purchasing an additional 57,389 shares during the period. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Rothschild & Co Redburn raised Monster Beverage from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $90.00 in a report on Wednesday, May 6th. Stifel Nicolaus dropped their target price on Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Evercore boosted their price target on Monster Beverage from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Jefferies Financial Group set a $100.00 price target on Monster Beverage in a research note on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Monster Beverage from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.05.

Monster Beverage Trading Down 1.2%

Shares of NASDAQ MNST opened at $88.47 on Tuesday. The company has a market cap of $86.52 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.96 and a beta of 0.54. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $90.44. The stock has a 50-day moving average price of $80.60 and a two-hundred day moving average price of $78.76.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, sell-side analysts predict that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

Monster Beverage announced that its board has authorized a stock buyback program on Friday, May 15th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 0.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Monster Beverage news, Director Mark J. Hall sold 54,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $85.81, for a total transaction of $4,633,740.00. Following the completion of the transaction, the director owned 299,246 shares of the company’s stock, valued at approximately $25,678,299.26. The trade was a 15.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Emelie Tirre sold 88,700 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $85.96, for a total value of $7,624,652.00. Following the transaction, the insider directly owned 81,763 shares of the company’s stock, valued at approximately $7,028,347.48. The trade was a 52.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 159,700 shares of company stock valued at $13,730,462. 8.10% of the stock is currently owned by corporate insiders.

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.