Eagle Asset Management Inc. Has $23,452,000 Position in Monster Beverage Corp. (MNST)
Eagle Asset Management Inc. reduced its position in shares of Monster Beverage Corp. (NASDAQ:MNST) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,745 shares of the company’s stock after selling 1,756 shares during the period. Eagle Asset Management Inc. owned 0.08% of Monster Beverage Corp. worth $23,452,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of MNST. Emerald Mutual Fund Advisers Trust raised its position in Monster Beverage Corp. by 2.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,552 shares of the company’s stock worth $249,000 after buying an additional 37 shares during the period. First Midwest Bank Trust Division raised its position in Monster Beverage Corp. by 1.6% in the second quarter. First Midwest Bank Trust Division now owns 4,493 shares of the company’s stock worth $722,000 after buying an additional 70 shares during the period. Raymond James Trust N.A. raised its position in Monster Beverage Corp. by 1.4% in the third quarter. Raymond James Trust N.A. now owns 5,147 shares of the company’s stock worth $755,000 after buying an additional 73 shares during the period. Commonwealth Bank of Australia raised its position in Monster Beverage Corp. by 17.4% in the second quarter. Commonwealth Bank of Australia now owns 627 shares of the company’s stock worth $101,000 after buying an additional 93 shares during the period. Finally, Private Advisor Group LLC raised its position in Monster Beverage Corp. by 5.1% in the second quarter. Private Advisor Group LLC now owns 2,200 shares of the company’s stock worth $355,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 21.86% of the company’s stock.
Monster Beverage Corp. (NASDAQ:MNST) traded up 1.29% on Monday, hitting $45.43. 1,874,593 shares of the stock were exchanged. The company has a market cap of $25.94 billion, a PE ratio of 40.78 and a beta of 0.89. The company’s 50-day moving average is $101.72 and its 200-day moving average is $141.16. Monster Beverage Corp. has a 52 week low of $37.69 and a 52 week high of $55.50.
Monster Beverage Corp. (NASDAQ:MNST) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by $0.13. The business had revenue of $788 million for the quarter, compared to analyst estimates of $819.90 million. Monster Beverage Corp. had a net margin of 23.07% and a return on equity of 17.06%. Monster Beverage Corp.’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. On average, analysts predict that Monster Beverage Corp. will post $1.24 earnings per share for the current year.
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A number of equities analysts recently weighed in on the stock. Susquehanna set a $41.00 price objective on shares of Monster Beverage Corp. and gave the company a “hold” rating in a research report on Saturday, November 12th. Jefferies Group restated a “hold” rating on shares of Monster Beverage Corp. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Monster Beverage Corp. from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. RBC Capital Markets restated an “outperform” rating and set a $63.33 target price (up from $55.33) on shares of Monster Beverage Corp. in a research report on Wednesday, August 10th. Finally, Stifel Nicolaus boosted their target price on shares of Monster Beverage Corp. from $55.00 to $61.67 and gave the stock a “buy” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.02.
Monster Beverage Corp. Company Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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