Monster Beverage Corporation (MNST) Shares Bought by Columbia Partners L L C Investment Management

Columbia Partners L L C Investment Management boosted its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 32.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,702 shares of the company’s stock after purchasing an additional 10,296 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Monster Beverage Corporation were worth $2,304,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank raised 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 during the last quarter. Commonwealth Bank of Australia raised its stake in Monster Beverage Corporation by 11.0% during 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. raised its stake in Monster Beverage Corporation by 2,028.0% during 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 raised its stake in Monster Beverage Corporation by 29,250.0% during 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. Finally, Bessemer Group Inc. raised its stake in shares of Monster Beverage Corporation 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 buying an additional 2,143 shares in the last quarter. Hedge funds and other institutional investors own 65.82% of the company’s stock.

MNST has been the subject of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $65.00 price objective on shares of Monster Beverage Corporation in a research note on Friday, October 13th. Cowen and Company restated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Friday, October 27th. BidaskClub upgraded shares of 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 issued 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, Credit Suisse Group restated an “outperform” rating and issued a $61.00 price objective on shares of Monster Beverage Corporation in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.68.

Monster Beverage Corporation (NASDAQ MNST) traded up $0.17 on Friday, hitting $62.17. 1,789,770 shares of the stock traded hands, compared to its average volume of 2,222,570. Monster Beverage Corporation has a fifty-two week low of $41.02 and a fifty-two week high of $62.80. The company has a market cap of $34,740.00, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91.

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

In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.40% of the stock is owned by corporate insiders.

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Monster Beverage Corporation 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.

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Institutional Ownership by Quarter for Monster Beverage Corporation (NASDAQ:MNST)

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