British Columbia Investment Management Corp lowered its position in Monster Beverage Corp. (NASDAQ:MNST) by 23.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,266 shares of the company’s stock after selling 17,474 shares during the period. British Columbia Investment Management Corp’s holdings in Monster Beverage Corp. were worth $8,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust increased its stake 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 in the last quarter. First Midwest Bank Trust Division increased its stake 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 in the last quarter. Raymond James Trust N.A. increased its stake 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 in the last quarter. Commonwealth Bank of Australia increased its stake 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 in the last quarter. Finally, Private Advisor Group LLC increased its stake 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 in the last quarter. Institutional investors and hedge funds own 21.86% of the company’s stock.

Institutional Ownership by Quarter for Monster Beverage Corp. (NASDAQ:MNST)

Shares of Monster Beverage Corp. (NASDAQ:MNST) traded up 0.44% on Tuesday, hitting $45.49. 2,081,021 shares of the stock traded hands. The stock has a 50-day moving average price of $98.85 and a 200 day moving average price of $140.25. The stock has a market cap of $25.97 billion, a price-to-earnings ratio of 40.83 and a beta of 0.89. Monster Beverage Corp. has a 12-month low of $37.69 and a 12-month high of $55.50.

Monster Beverage Corp. (NASDAQ:MNST) last announced its earnings results on Thursday, November 3rd. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.12 by $0.13. The firm earned $788 million during the quarter, compared to analyst estimates of $819.90 million. Monster Beverage Corp. had a return on equity of 17.06% and a net margin of 23.07%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, analysts anticipate that Monster Beverage Corp. will post $1.24 earnings per share for the current fiscal year.

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Several brokerages have issued reports on MNST. Stifel Nicolaus upped their price target on shares of Monster Beverage Corp. from $55.00 to $61.67 and gave the company a “buy” rating in a report on Friday, August 5th. Susquehanna reaffirmed a “hold” rating on shares of Monster Beverage Corp. in a report on Wednesday, September 7th. Credit Suisse Group AG began coverage on shares of Monster Beverage Corp. in a report on Thursday, September 15th. They issued an “outperform” rating and a $62.33 price target on the stock. Vetr raised shares of Monster Beverage Corp. from a “hold” rating to a “buy” rating and set a $52.51 price target on the stock in a report on Thursday, September 15th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $58.33 price target (up previously from $54.00) on shares of Monster Beverage Corp. in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage Corp. currently has a consensus rating of “Buy” and an average 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.

5 Day Chart for NASDAQ:MNST

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