Dsm Capital Partners buys $235.6 Million stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Dsm Capital Partners scooped up 436,064 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 13, 2016. The investment management firm now holds a total of 1,585,551 shares of Monster Beverage Corporation which is valued at $235.6 Million.Monster Beverage Corporation makes up approximately 3.94% of Dsm Capital Partners’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in MNST by selling 50 shares or 5.75% in the most recent quarter. The Hedge Fund company now holds 819 shares of MNST which is valued at $121,712.Gsa Capital Partners Llp reduced its stake in MNST by selling 3,085 shares or 13.42% in the most recent quarter. The Hedge Fund company now holds 19,895 shares of MNST which is valued at $3 Million. Monster Beverage Corporation makes up approx 0.19% of Gsa Capital Partners Llp’s portfolio.Schroder Investment Management Group boosted its stake in MNST in the latest quarter, The investment management firm added 111,983 additional shares and now holds a total of 385,535 shares of Monster Beverage Corporation which is valued at $57.3 Million. Monster Beverage Corporation makes up approx 0.12% of Schroder Investment Management Group’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.Emerald Advisers Incpa reduced its stake in MNST by selling 4,368 shares or 17.18% in the most recent quarter. The Hedge Fund company now holds 21,056 shares of MNST which is valued at $3 Million. Monster Beverage Corporation makes up approx 0.15% of Emerald Advisers Incpa’s portfolio.

Monster Beverage Corporation closed down -0.58 points or -0.39% at $149.53 with 15,15,379 shares getting traded on Wednesday. Post opening the session at $149.77, the shares hit an intraday low of $149 and an intraday high of $151.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 .

Leave a Reply

Monster Beverage Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Monster Beverage Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.