Sun Life Financial INC Has $146,000 Holdings in Monster Beverage Corporation (MNST)
Sun Life Financial INC boosted its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 29,250.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,935 shares of the company’s stock after acquiring an additional 2,925 shares during the period. Sun Life Financial INC’s holdings in Monster Beverage Corporation were worth $146,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Huntington National Bank raised its holdings in shares of Monster Beverage Corporation by 42.2% in 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. Commonwealth Bank of Australia lifted its position in shares of Monster Beverage Corporation by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after purchasing an additional 232 shares during the last quarter. Dynamic Advisors Solutions LLC purchased a new stake in shares of Monster Beverage Corporation during the 2nd quarter worth $202,000. Fiduciary Trust Co. purchased a new stake in shares of Monster Beverage Corporation during the 2nd quarter worth $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of 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 worth $213,000 after purchasing an additional 1,712 shares during the last quarter. Institutional investors own 65.89% of the company’s stock.
Monster Beverage Corporation (MNST) traded up 0.31% during trading on Tuesday, reaching $55.31. 152,079 shares of the company were exchanged. The stock has a market capitalization of $31.43 billion, a PE ratio of 41.84 and a beta of 1.02. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $57.25. The firm’s 50 day moving average is $55.49 and its 200 day moving average is $50.73.
Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Analysts expect that Monster Beverage Corporation will post $1.48 EPS for the current year.
In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the stock in a transaction 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 of the company’s stock, valued at $2,912,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.40% of the company’s stock.
A number of equities analysts recently commented on MNST shares. Macquarie began coverage on shares of Monster Beverage Corporation in a research note on Thursday, September 14th. They set an “outperform” rating and a $65.00 target price for the company. Credit Suisse Group reaffirmed an “outperform” rating and set a $61.00 price target on shares of Monster Beverage Corporation in a report on Thursday, September 7th. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a report on Wednesday, September 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $61.00 price objective on shares of Monster Beverage Corporation in a report on Friday, September 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a research report on Saturday, September 23rd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.86.
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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