Securian Asset Management Inc. Sells 15,029 Shares of Monster Beverage Corporation $MNST

Securian Asset Management Inc. lessened its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 43.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,394 shares of the company’s stock after selling 15,029 shares during the quarter. Securian Asset Management Inc.’s holdings in Monster Beverage were worth $1,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ABN AMRO Bank N.V. bought a new stake in Monster Beverage during the 3rd quarter valued at $59,170,000. Nordea Investment Management AB boosted its position in Monster Beverage by 12.2% during the 4th quarter. Nordea Investment Management AB now owns 880,061 shares of the company’s stock valued at $67,738,000 after acquiring an additional 95,606 shares in the last quarter. Inscription Capital LLC boosted its position in Monster Beverage by 130.6% during the 3rd quarter. Inscription Capital LLC now owns 25,260 shares of the company’s stock valued at $1,700,000 after acquiring an additional 14,305 shares in the last quarter. UMB Bank n.a. boosted its position in Monster Beverage by 2,436.3% during the 3rd quarter. UMB Bank n.a. now owns 57,371 shares of the company’s stock valued at $3,862,000 after acquiring an additional 55,109 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Monster Beverage by 7.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,605,873 shares of the company’s stock valued at $122,303,000 after acquiring an additional 116,510 shares in the last quarter. Institutional investors own 72.36% of the company’s stock.

Wall Street Analysts Forecast Growth

MNST has been the subject of several analyst reports. Wall Street Zen lowered Monster Beverage from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Evercore increased their price objective on Monster Beverage from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday. Stifel Nicolaus decreased their price objective on Monster Beverage from $92.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Argus increased their price objective on Monster Beverage from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Piper Sandler increased their price objective on Monster Beverage from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Monster Beverage presently has an average rating of “Moderate Buy” and a consensus price target of $88.37.

Monster Beverage Trading Up 0.1%

Shares of MNST opened at $86.41 on Tuesday. 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. The stock has a fifty day moving average price of $76.13 and a 200-day moving average price of $76.18. Monster Beverage Corporation has a 12 month low of $58.09 and a 12 month high of $88.77.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $2.32 billion during 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%.The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. As a group, research analysts forecast that Monster Beverage Corporation will post 2.29 EPS for the current year.

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.