Securian Asset Management Inc. Trims Stock Holdings in Monster Beverage Corporation $MNST

Securian Asset Management Inc. decreased its position in Monster Beverage Corporation (NASDAQ:MNST) by 43.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,394 shares of the company’s stock after selling 15,029 shares during the period. Securian Asset Management Inc.’s holdings in Monster Beverage were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MNST. Massachusetts Financial Services Co. MA raised its stake in shares of Monster Beverage by 7,360.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock valued at $474,695,000 after buying an additional 6,108,420 shares during the last quarter. State Street Corp raised its stake in shares of Monster Beverage by 8.0% during the 3rd quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after buying an additional 2,789,273 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Monster Beverage by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after buying an additional 2,122,685 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Monster Beverage by 71.4% during the 3rd quarter. Capital Research Global Investors now owns 5,033,066 shares of the company’s stock valued at $338,765,000 after buying an additional 2,096,575 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Monster Beverage by 262.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,327,626 shares of the company’s stock valued at $178,459,000 after buying an additional 1,684,752 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

Monster Beverage Stock Up 0.1%

Shares of Monster Beverage stock opened at $86.41 on Tuesday. Monster Beverage Corporation has a twelve month low of $58.09 and a twelve month high of $88.77. The business has a 50-day moving average price of $76.13 and a 200 day moving average price of $76.18. The firm has a market cap of $84.50 billion, a PE ratio of 41.74, a P/E/G ratio of 3.07 and a beta of 0.50.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $0.47 EPS. Monster Beverage’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, sell-side analysts expect that Monster Beverage Corporation will post 2.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MNST shares. Wells Fargo & Company lifted their price objective on Monster Beverage from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group set a $100.00 price objective on Monster Beverage in a research note on Wednesday, March 11th. Bank of America reduced their price objective on Monster Beverage from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Morgan Stanley reiterated an “overweight” rating and set a $100.00 price objective (up from $96.00) on shares of Monster Beverage in a research note on Sunday. Finally, Royal Bank Of Canada lifted their price objective on Monster Beverage from $86.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.37.

Monster Beverage Company 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.