Natixis Advisors L.P. Has $114.75 Million Stock Position in Monster Beverage Co. (NASDAQ:MNST)

Natixis Advisors L.P. reduced its stake in Monster Beverage Co. (NASDAQ:MNST) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,991,882 shares of the company’s stock after selling 35,457 shares during the quarter. Natixis Advisors L.P. owned about 0.19% of Monster Beverage worth $114,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MNST. Wellington Management Group LLP lifted its holdings in Monster Beverage by 20.3% during the 3rd quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock worth $1,033,323,000 after purchasing an additional 3,296,466 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Monster Beverage by 61.5% during the third quarter. William Blair Investment Management LLC now owns 3,431,785 shares of the company’s stock worth $181,713,000 after buying an additional 1,307,482 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Monster Beverage by 33.5% in the third quarter. American Century Companies Inc. now owns 3,782,074 shares of the company’s stock valued at $200,261,000 after acquiring an additional 948,133 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Monster Beverage by 32.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,823,265 shares of the company’s stock valued at $149,492,000 after acquiring an additional 686,889 shares during the period. Finally, ING Groep NV grew its stake in shares of Monster Beverage by 78.2% in the third quarter. ING Groep NV now owns 1,230,778 shares of the company’s stock valued at $65,170,000 after acquiring an additional 540,285 shares in the last quarter. 72.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MNST. Morgan Stanley boosted their price objective on shares of Monster Beverage from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Monster Beverage from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Monday, February 26th. Truist Financial downgraded Monster Beverage from a “buy” rating to a “sell” rating and cut their target price for the company from $65.00 to $46.00 in a research report on Thursday, April 25th. Jefferies Financial Group boosted their price target on Monster Beverage from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, UBS Group increased their price objective on shares of Monster Beverage from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Monster Beverage has a consensus rating of “Moderate Buy” and a consensus target price of $61.68.

Monster Beverage Price Performance

Shares of NASDAQ MNST traded up $0.04 during mid-day trading on Thursday, hitting $53.58. 2,829,796 shares of the stock traded hands, compared to its average volume of 5,369,947. The company has a market cap of $55.82 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 2.19 and a beta of 0.74. Monster Beverage Co. has a twelve month low of $47.13 and a twelve month high of $61.22. The firm has a 50 day simple moving average of $56.88 and a two-hundred day simple moving average of $55.75.

Monster Beverage (NASDAQ:MNST) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.76 billion. Monster Beverage had a return on equity of 20.95% and a net margin of 22.84%. During the same period last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts anticipate that Monster Beverage Co. will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Monster Beverage news, Director Mark J. Hall sold 659,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.55, for a total value of $38,584,450.00. Following the completion of the transaction, the director now directly owns 777,840 shares in the company, valued at approximately $45,542,532. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.40% of the stock is owned by corporate insiders.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.