Ontario Teachers Pension Plan Board lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 228.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,425 shares of the company’s stock after purchasing an additional 27,422 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Monster Beverage Corporation were worth $1,959,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Huntington National Bank increased its position in 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 purchasing an additional 633 shares during the last quarter. Commonwealth Bank of Australia lifted its position in Monster Beverage Corporation by 11.0% during the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock valued at $116,000 after purchasing an additional 232 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new position in Monster Beverage Corporation during the second quarter valued at $202,000. Fiduciary Trust Co. bought a new position in Monster Beverage Corporation during the second quarter valued at $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in Monster Beverage Corporation by 59.0% during the first 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 during the last quarter. 65.89% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Ontario Teachers Pension Plan Board Acquires 27,422 Shares of Monster Beverage Corporation (MNST)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/02/ontario-teachers-pension-plan-board-acquires-27422-shares-of-monster-beverage-corporation-mnst.html.

A number of analysts have recently weighed in on the stock. Credit Suisse Group cut shares of Monster Beverage Corporation to a “hold” rating in a research report on Friday, September 8th. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, July 17th. Cowen and Company reiterated a “buy” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research report on Friday, July 14th. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research report on Wednesday, September 6th. Finally, Macquarie started coverage on Monster Beverage Corporation in a research report on Thursday, September 14th. They issued an “outperform” rating and a $65.00 price target for the company. Four 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 has a consensus rating of “Buy” and a consensus target price of $56.86.

In other news, Director Sydney Selati sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the completion of the transaction, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.40% of the stock is currently owned by corporate insiders.

Monster Beverage Corporation (NASDAQ MNST) opened at 55.25 on Monday. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $57.25. The stock has a 50 day moving average of $54.84 and a 200-day moving average of $50.17. The company has a market capitalization of $31.39 billion, a PE ratio of 41.79 and a beta of 1.02.

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 the consensus estimate of $0.40 by ($0.01). The firm had revenue of $907.07 million during the quarter, compared to analyst estimates 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 was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities analysts expect that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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)

Receive News & Stock Ratings for Monster Beverage Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monster Beverage Corporation and related stocks with our FREE daily email newsletter.