Vanguard Personalized Indexing Management LLC Has $10.90 Million Holdings in Monster Beverage Corporation $MNST

Vanguard Personalized Indexing Management LLC raised its position in Monster Beverage Corporation (NASDAQ:MNST) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 142,165 shares of the company’s stock after acquiring an additional 7,761 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Monster Beverage were worth $10,900,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MNST. Norges Bank acquired a new stake in Monster Beverage in the fourth quarter valued at approximately $691,104,000. Massachusetts Financial Services Co. MA grew its stake in Monster Beverage by 7,360.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,191,407 shares of the company’s stock valued at $474,695,000 after acquiring an additional 6,108,420 shares during the period. State Street Corp grew its stake in Monster Beverage by 8.0% in the third quarter. State Street Corp now owns 37,719,091 shares of the company’s stock valued at $2,538,872,000 after acquiring an additional 2,789,273 shares during the period. Vanguard Group Inc. grew its stake in Monster Beverage by 3.2% in the third quarter. Vanguard Group Inc. now owns 67,483,584 shares of the company’s stock valued at $4,542,320,000 after acquiring an additional 2,122,685 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Monster Beverage by 71.4% during the third 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. Institutional investors and hedge funds own 72.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Monster Beverage from $87.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein assumed coverage on Monster Beverage in a research report on Friday. They set a “market perform” rating and a $95.00 target price on the stock. Argus lifted their target price on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Wall Street Zen cut Monster Beverage from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Piper Sandler lifted their target price on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Monster Beverage presently has an average rating of “Moderate Buy” and an average price target of $89.35.

Insiders Place Their Bets

In related news, CEO Guy Carling sold 19,000 shares of Monster Beverage stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $90.90, for a total transaction of $1,727,100.00. Following the sale, the chief executive officer directly owned 21,863 shares in the company, valued at approximately $1,987,346.70. This trade represents a 46.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Emelie Tirre sold 10,000 shares of Monster Beverage stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the sale, the insider owned 71,763 shares in the company, valued at $6,152,959.62. This trade represents a 12.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 178,700 shares of company stock valued at $15,457,562. 8.10% of the stock is owned by insiders.

Monster Beverage Stock Up 0.4%

Shares of NASDAQ:MNST opened at $93.23 on Tuesday. The business’s 50 day moving average is $82.57 and its 200 day moving average is $79.43. The stock has a market cap of $91.18 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 3.06 and a beta of 0.54. Monster Beverage Corporation has a 12-month low of $58.09 and a 12-month high of $93.30.

Monster Beverage (NASDAQ:MNST) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.16 billion. Monster Beverage had a return on equity of 26.86% and a net margin of 23.11%.Monster Beverage’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, equities research analysts expect that Monster Beverage Corporation will post 2.31 earnings per share for the current year.

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

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.