Riskx Investments Exits Position in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Riskx Investments has sold out all of its stake in Monster Beverage Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 1, 2016 with the SEC. The investment management company has sold out 5,230 shares of Monster Beverage Corporation which is valued at $825,137.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in MNST by selling 21,767 shares or 34.19% in the most recent quarter. The Hedge Fund company now holds 41,893 shares of MNST which is valued at $6,609,459. Monster Beverage Corporation makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.Boston Advisors reduced its stake in MNST by selling 148 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 1,921 shares of MNST which is valued at $302,577. Monster Beverage Corporation makes up approx 0.01% of Boston Advisors’s portfolio.Bremer Trust National Association reduced its stake in MNST by selling 130 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 7,328 shares of MNST which is valued at $1,176,730. Monster Beverage Corporation makes up approx 0.32% of Bremer Trust National Association’s portfolio. Arcadia Investment Management Corpmi added MNST to its portfolio by purchasing 474 company shares during the most recent quarter which is valued at $73,726. Monster Beverage Corporation makes up approx 0.02% of Arcadia Investment Management Corpmi’s portfolio. Central Bank Trust Co added MNST to its portfolio by purchasing 599 company shares during the most recent quarter which is valued at $96,906. Monster Beverage Corporation makes up approx 0.03% of Central Bank Trust Co’s portfolio.

Monster Beverage Corporation opened for trading at $158.04 and hit $159.46 on the upside on Thursday, eventually ending the session at $158.59, with a gain of 0.52% or 0.82 points. The heightened volatility saw the trading volume jump to 12,98,821 shares. Company has a market cap of $32,201 M.

On the company’s financial health, Monster Beverage Corporation reported $0.99 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $1.04. The company had revenue of $824.50 million for the quarter, compared to analysts expectations of $804.29 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016.

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