AIA Group Ltd Has $2.58 Million Position in Monster Beverage Co. (NASDAQ:MNST)

AIA Group Ltd lifted its position in shares of Monster Beverage Co. (NASDAQ:MNST) by 26.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,513 shares of the company’s stock after buying an additional 9,198 shares during the period. AIA Group Ltd’s holdings in Monster Beverage were worth $2,579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of MNST. Vanguard Group Inc. raised its holdings in Monster Beverage by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 63,682,310 shares of the company’s stock worth $3,668,738,000 after acquiring an additional 550,293 shares in the last quarter. Wellington Management Group LLP raised its holdings in Monster Beverage by 20.3% during the third quarter. Wellington Management Group LLP now owns 19,515,062 shares of the company’s stock worth $1,033,323,000 after acquiring an additional 3,296,466 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Monster Beverage by 2.9% during the fourth quarter. Clearbridge Investments LLC now owns 11,622,228 shares of the company’s stock worth $669,557,000 after acquiring an additional 330,740 shares in the last quarter. Capital Research Global Investors raised its holdings in Monster Beverage by 40.6% during the fourth quarter. Capital Research Global Investors now owns 10,478,380 shares of the company’s stock worth $603,659,000 after acquiring an additional 3,026,657 shares in the last quarter. Finally, Norges Bank bought a new stake in Monster Beverage during the fourth quarter worth about $517,035,000. 72.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Roth Mkm dropped their price objective on Monster Beverage from $59.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. UBS Group decreased their target price on Monster Beverage from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. downgraded Monster Beverage from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $66.00 to $59.00 in a research report on Thursday, April 25th. Piper Sandler upped their target price on Monster Beverage from $58.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus decreased their target price on Monster Beverage from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.70.

Monster Beverage Trading Up 1.1 %

NASDAQ:MNST traded up $0.55 during trading hours on Friday, hitting $50.83. 5,274,151 shares of the company were exchanged, compared to its average volume of 7,496,304. The stock has a market capitalization of $52.95 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 1.98 and a beta of 0.76. Monster Beverage Co. has a one year low of $47.13 and a one year high of $61.22. The company has a fifty day simple moving average of $51.46 and a 200 day simple moving average of $54.90.

Monster Beverage (NASDAQ:MNST) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Monster Beverage had a return on equity of 20.74% and a net margin of 22.83%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that Monster Beverage Co. will post 1.75 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark J. Hall sold 250,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $52.22, for a total value of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares in the company, valued at approximately $27,820,413.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Monster Beverage news, Director Mark J. Hall sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $52.22, for a total transaction of $13,055,000.00. Following the completion of the sale, the director now directly owns 532,754 shares of the company’s stock, valued at approximately $27,820,413.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Vidergauz sold 15,077 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $51.85, for a total value of $781,742.45. Following the sale, the director now directly owns 68,167 shares of the company’s stock, valued at $3,534,458.95. The disclosure for this sale can be found here. Insiders sold a total of 307,221 shares of company stock worth $16,070,374 in the last three months. Company insiders own 7.80% of the company’s stock.

Monster Beverage Profile

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.