Monster Beverage Corporation (MNST) Position Maintained by Tredje AP fonden
Tredje AP fonden maintained its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,599 shares of the company’s stock at the close of the 2nd quarter. Tredje AP fonden’s holdings in Monster Beverage Corporation were worth $1,421,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in MNST. Huntington National Bank grew its stake in Monster Beverage Corporation by 42.2% during the 2nd quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after purchasing an additional 633 shares in the last quarter. Dynamic Advisors Solutions LLC acquired a new stake in Monster Beverage Corporation during the 2nd quarter valued at approximately $202,000. Fiduciary Trust Co. acquired a new stake in Monster Beverage Corporation during the 2nd quarter valued at approximately $212,000. Assetmark Inc. grew its stake in Monster Beverage Corporation by 7.7% during the 1st quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock valued at $201,000 after purchasing an additional 311 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Monster Beverage Corporation by 59.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock valued at $213,000 after purchasing an additional 1,712 shares in the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.
A number of brokerages have weighed in on MNST. Credit Suisse Group restated an “outperform” rating and set a $61.00 price objective on shares of Monster Beverage Corporation in a research note on Thursday, September 7th. BMO Capital Markets restated a “buy” rating and set a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. BidaskClub upgraded Monster Beverage Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Susquehanna Bancshares Inc restated a “hold” rating and set a $42.00 price objective (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. Finally, Jefferies Group LLC raised their price objective on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Monster Beverage Corporation currently has an average rating of “Buy” and a consensus price target of $56.28.
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Shares of Monster Beverage Corporation (MNST) opened at 56.08 on Wednesday. Monster Beverage Corporation has a one year low of $40.64 and a one year high of $57.25. The company has a market cap of $31.86 billion, a P/E ratio of 42.42 and a beta of 0.99. The company has a 50 day moving average price of $54.37 and a 200 day moving average price of $49.69.
Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million during the quarter, compared to the consensus estimate of $901.38 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts expect that Monster Beverage Corporation will post $1.48 earnings per share for the current year.
In other news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the director now directly owns 52,000 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.40% of the company’s stock.
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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