72,173 Monster Beverage Corporation $MNST Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 97.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,109 shares of the company’s stock after acquiring an additional 72,173 shares during the period. Vontobel Holding Ltd.’s holdings in Monster Beverage were worth $6,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MNST. CI Investments Inc. grew its stake in Monster Beverage by 3.5% in the first quarter. CI Investments Inc. now owns 3,497 shares of the company’s stock valued at $253,000 after purchasing an additional 119 shares in the last quarter. Root Financial Partners LLC raised its holdings in Monster Beverage by 2.8% in the 1st quarter. Root Financial Partners LLC now owns 4,981 shares of the company’s stock worth $361,000 after acquiring an additional 137 shares during the period. Wealth Alliance LLC lifted its position in shares of Monster Beverage by 2.2% during the 1st quarter. Wealth Alliance LLC now owns 6,752 shares of the company’s stock worth $489,000 after purchasing an additional 148 shares during the last quarter. CX Institutional lifted its holdings in shares of Monster Beverage by 2.4% during the second quarter. CX Institutional now owns 6,384 shares of the company’s stock worth $614,000 after buying an additional 148 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Monster Beverage by 1.0% during the 1st quarter. V Square Quantitative Management LLC now owns 17,596 shares of the company’s stock valued at $1,275,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 72.36% of the company’s stock.

Monster Beverage Trading Up 0.9%

NASDAQ MNST opened at $45.73 on Friday. Monster Beverage Corporation has a 1-year low of $32.94 and a 1-year high of $50.17. The company has a market capitalization of $89.59 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 2.84 and a beta of 0.49. The stock’s 50 day moving average is $44.70 and its two-hundred day moving average is $44.10.

Monster Beverage (NASDAQ:MNST) last issued its earnings results on Thursday, August 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Monster Beverage had a return on equity of 26.02% and a net margin of 23.08%. Monster Beverage’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, analysts predict that Monster Beverage Corporation will post 1.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Monster Beverage from $103.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Monster Beverage from $83.00 to $99.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Zacks Research raised Monster Beverage from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Wells Fargo & Company reduced their target price on Monster Beverage from $53.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $47.50 price target (up from $36.50) on shares of Monster Beverage in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.07.

About Monster Beverage

Monster Beverage Corporation is a global beverage company focused primarily on the development, marketing, sale and distribution of energy drinks. Its portfolio includes the flagship Monster Energy brand, along with products marketed under brands such as NOS, Full Throttle, Reign, Burn and Mother. The company offers a range of energy drinks in different flavors and formulations, including products positioned for performance, fitness and everyday consumption.

The company traces its origins to Hansen Natural Corporation, which was founded in 1935 and changed its name to Monster Beverage Corporation in 2012 as the Monster Energy brand became increasingly central to its business.