B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,612 shares of the company’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Monster Beverage Corporation were worth $1,570,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MNST. Huntington National Bank boosted its stake 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 worth $106,000 after buying an additional 633 shares in the last quarter. Coconut Grove Bank boosted its stake 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 worth $118,000 after buying an additional 1,440 shares in the last quarter. Assetmark Inc. boosted its stake 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 worth $201,000 after buying an additional 311 shares in the last quarter. Dynamic Advisors Solutions LLC purchased a new stake in shares of Monster Beverage Corporation during the second quarter worth approximately $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake 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 worth $213,000 after buying an additional 1,712 shares in the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.

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

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

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A number of brokerages have commented on MNST. Credit Suisse Group set a $59.00 price target on Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Saturday, May 6th. UBS AG set a $59.00 price target on Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Jefferies Group LLC lifted their price target on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price 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.

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

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