Monster Beverage Corporation (MNST) Holdings Raised by Stevens Capital Management LP

Stevens Capital Management LP boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 25.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 331,718 shares of the company’s stock after purchasing an additional 67,445 shares during the period. Monster Beverage Corporation comprises 0.6% of Stevens Capital Management LP’s investment portfolio, making the stock its 24th biggest position. Stevens Capital Management LP owned approximately 0.06% of Monster Beverage Corporation worth $16,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. grew its position in Monster Beverage Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 10,349 shares of the company’s stock worth $514,000 after purchasing an additional 27 shares in the last quarter. United Capital Financial Advisers LLC grew its position in Monster Beverage Corporation by 0.4% in the 1st quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock worth $456,000 after purchasing an additional 38 shares in the last quarter. Accuvest Global Advisors grew its position in Monster Beverage Corporation by 0.4% in the 2nd quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock worth $510,000 after purchasing an additional 38 shares in the last quarter. Wendell David Associates Inc. grew its position in Monster Beverage Corporation by 0.9% in the 2nd quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock worth $361,000 after purchasing an additional 64 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Monster Beverage Corporation by 0.5% in the 2nd quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock worth $630,000 after purchasing an additional 66 shares in the last quarter. 65.88% of the stock is owned by institutional investors and hedge funds.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded down 0.71% during mid-day trading on Friday, hitting $56.18. 4,345,213 shares of the company were exchanged. The company has a 50 day moving average of $54.65 and a 200 day moving average of $49.93. The company has a market capitalization of $31.92 billion, a P/E ratio of 42.50 and a beta of 0.99. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $57.25.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $907.07 million during 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 business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. Equities analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

In related news, Director Sydney Selati sold 10,000 shares of the business’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 transaction of $560,000.00. Following the completion of the sale, the director now directly owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.40% of the company’s stock.

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A number of equities research analysts have issued reports on MNST shares. Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, July 17th. Cowen and Company reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Friday, July 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Monster Beverage Corporation in a research report on Thursday, September 7th. BidaskClub raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Wednesday, September 6th. Four research 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 stock. Monster Beverage Corporation presently has a consensus rating of “Buy” and a consensus target price of $56.86.

Monster Beverage Corporation 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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