Aviva PLC cut its position in Monster Beverage Corporation (NASDAQ:MNST) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 283,761 shares of the company’s stock after selling 10 shares during the period. Aviva PLC’s holdings in Monster Beverage Corporation were worth $14,100,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock worth $995,459,000 after buying an additional 20,475,879 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Monster Beverage Corporation by 161.4% in the first quarter. American Century Companies Inc. now owns 4,349,597 shares of the company’s stock worth $200,821,000 after buying an additional 2,685,321 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Monster Beverage Corporation by 297.8% in the first quarter. Renaissance Technologies LLC now owns 1,804,200 shares of the company’s stock worth $83,300,000 after buying an additional 1,350,700 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Monster Beverage Corporation by 91.8% in the first quarter. William Blair Investment Management LLC now owns 2,000,603 shares of the company’s stock worth $92,368,000 after buying an additional 957,769 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in shares of Monster Beverage Corporation by 6,737.7% in the second quarter. Harbour Capital Advisors LLC now owns 890,266 shares of the company’s stock worth $17,920,000 after buying an additional 877,246 shares during the last quarter. 65.87% of the stock is owned by institutional investors and hedge funds.

Shares of Monster Beverage Corporation (NASDAQ:MNST) opened at 55.22 on Friday. The company has a market capitalization of $31.37 billion, a price-to-earnings ratio of 41.77 and a beta of 0.96. The company’s 50-day moving average is $52.93 and its 200-day moving average is $48.67. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $157.06.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $907.07 million for the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Analysts predict that Monster Beverage Corporation will post $1.48 EPS for the current year.

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A number of equities research analysts have recently weighed in on MNST shares. Zacks Investment Research upgraded shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Cowen and Company restated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a report on Friday, July 14th. Vetr upgraded shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating and set a $52.90 price objective for the company in a report on Wednesday, May 17th. Finally, Morgan Stanley restated an “overweight” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $56.28.

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

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