Asset Management One Co. Ltd. cut its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 0.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 635,167 shares of the company’s stock after selling 2,098 shares during the quarter. Asset Management One Co. Ltd. owned 0.11% of Monster Beverage worth $35,102,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Commonwealth Bank of Australia increased its position in shares of Monster Beverage by 11.0% in the 2nd 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. Liberty Capital Management Inc. increased its position in shares of Monster Beverage by 2,028.0% in the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock valued at $120,000 after purchasing an additional 2,028 shares during the last quarter. Sun Life Financial INC increased its position in shares of Monster Beverage by 29,250.0% in the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock valued at $146,000 after purchasing an additional 2,925 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Monster Beverage by 397.6% in the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock valued at $148,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Monster Beverage in the 3rd quarter valued at approximately $182,000. Institutional investors own 65.88% of the company’s stock.

Monster Beverage Corporation (NASDAQ MNST) opened at $63.22 on Friday. The company has a market cap of $35,134.91, a price-to-earnings ratio of 42.38, a P/E/G ratio of 2.22 and a beta of 0.94. Monster Beverage Corporation has a 52-week low of $41.02 and a 52-week high of $63.54.

Monster Beverage (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $909.50 million for the quarter, compared to the consensus estimate of $903.82 million. Monster Beverage had a net margin of 23.92% and a return on equity of 23.45%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. analysts predict that Monster Beverage Corporation will post 1.48 EPS for the current year.

A number of brokerages have commented on MNST. Citigroup set a $60.00 price objective on shares of Monster Beverage and gave the company a “buy” rating in a research report on Wednesday, October 18th. BMO Capital Markets reissued a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage in a research report on Wednesday, September 6th. Susquehanna Bancshares set a $51.00 price objective on shares of Monster Beverage and gave the company a “sell” rating in a research report on Monday, November 20th. Credit Suisse Group dropped their price objective on shares of Monster Beverage from $64.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage in a research report on Saturday, September 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $59.24.

WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/10/asset-management-one-co-ltd-trims-holdings-in-monster-beverage-corporation-mnst.html.

Monster Beverage 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.

Institutional Ownership by Quarter for Monster Beverage (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.