Mandatum Life Insurance Co Ltd buys $3.7 Million stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Mandatum Life Insurance Co Ltd scooped up 4,000 additional shares in Monster Beverage Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 24,916 shares of Monster Beverage Corporation which is valued at $3.7 Million.Monster Beverage Corporation makes up approximately 0.50% of Mandatum Life Insurance Co Ltd’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in MNST in the latest quarter, The investment management firm added 2,925 additional shares and now holds a total of 154,199 shares of Monster Beverage Corporation which is valued at $22.9 Million. Monster Beverage Corporation makes up approx 0.17% of Atlantic Trust Group’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in MNST by selling 3,810 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 185,601 shares of MNST which is valued at $27.5 Million. Monster Beverage Corporation makes up approx 0.10% of State Board Of Administration Of Florida Retirement System’s portfolio.Parkside Financial Bank Trust reduced its stake in MNST by selling 21 shares or 20.19% in the most recent quarter. The Hedge Fund company now holds 83 shares of MNST which is valued at $12,295. Monster Beverage Corporation makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Ohio National Investments boosted its stake in MNST in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 8,625 shares of Monster Beverage Corporation which is valued at $1.2 Million. Monster Beverage Corporation makes up approx 0.23% of Ohio National Investments’s portfolio.

Monster Beverage Corporation opened for trading at $148.5 and hit $150.9897 on the upside on Monday, eventually ending the session at $150.72, with a gain of 1.42% or 2.11 points. The heightened volatility saw the trading volume jump to 8,50,319 shares. Company has a market cap of $30,603 M.

On the company’s financial health, Monster Beverage Corporation reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.74. The company had revenue of $680.20 million for the quarter, compared to analysts expectations of $656.78 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Company shares were Reiterated by UBS on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 170 from a previous price target of $168 .BofA/Merrill Initiated Monster Beverage Corporation on Mar 22, 2016 to “Neutral”, Price Target of the shares are set at $144.Shares were Reiterated by Stifel on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 160 from a previous price target of $170 .

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