Meiji Yasuda Asset Management Co Ltd. maintained its position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,208 shares of the company’s stock at the end of the second quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Monster Beverage Corporation were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MNST. American Century Companies Inc. boosted its position in shares of Monster Beverage Corporation by 14.2% in the second quarter. American Century Companies Inc. now owns 4,968,946 shares of the company’s stock worth $246,857,000 after buying an additional 619,349 shares during the last quarter. Decatur Capital Management Inc. acquired a new position in shares of Monster Beverage Corporation during the second quarter worth approximately $4,697,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Monster Beverage Corporation by 2.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,166,964 shares of the company’s stock worth $57,975,000 after buying an additional 31,873 shares during the last quarter. GAM Holding AG boosted its position in shares of Monster Beverage Corporation by 35.6% in the second quarter. GAM Holding AG now owns 124,866 shares of the company’s stock worth $6,203,000 after buying an additional 32,792 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Monster Beverage Corporation during the second quarter worth approximately $253,000. 65.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Monster Beverage Corporation (MNST) opened at 55.95 on Thursday. The stock has a market capitalization of $31.79 billion, a price-to-earnings ratio of 42.32 and a beta of 0.96. The firm’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 $56.13.

Monster Beverage Corporation (NASDAQ:MNST) last released its 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 firm had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on MNST. BidaskClub raised shares of Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut shares of Monster Beverage Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $57.00 target price on shares of Monster Beverage Corporation in a report on Wednesday, August 9th. Credit Suisse Group set a $61.00 target price on shares of Monster Beverage Corporation and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC lifted their target price on shares of Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Monster Beverage Corporation currently 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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