First Personal Financial Services boosted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,653 shares of the company’s stock after buying an additional 176 shares during the period. First Personal Financial Services’ holdings in Monster Beverage Corporation were worth $331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNST. Huntington National Bank boosted its position in shares of Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after buying an additional 633 shares during the period. Coconut Grove Bank boosted its position in shares of Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock valued at $118,000 after buying an additional 1,440 shares during the period. Assetmark Inc. boosted its position in shares of Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock valued at $201,000 after buying an additional 311 shares during the period. Dynamic Advisors Solutions LLC purchased a new position in shares of Monster Beverage Corporation during the second quarter valued at about $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after buying an additional 1,712 shares during the period. 65.87% of the stock is owned by institutional investors and hedge funds.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 53.71 on Friday. Monster Beverage Corporation has a 12 month low of $40.64 and a 12 month high of $161.62. The company has a market capitalization of $30.52 billion, a price-to-earnings ratio of 40.63 and a beta of 0.96. The company’s 50-day moving average is $52.16 and its 200 day moving average is $48.13.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $907.07 million during the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. On average, equities research analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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Several brokerages have issued reports on MNST. Morgan Stanley reaffirmed an “overweight” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a report on Monday, May 15th. Zacks Investment Research cut shares of Monster Beverage Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $42.00 target price (down from $45.00) on shares of Monster Beverage Corporation in a report on Monday, August 7th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monster Beverage Corporation in a report on Thursday, April 27th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a report on Thursday, June 22nd. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $56.28.

About Monster Beverage Corporation

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

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