Bayesian Capital Management Lp adds Monster Beverage Corporation (MNST) to its portfolio

Monster Beverage Corporation (MNST) : Bayesian Capital Management Lp added new position in Monster Beverage Corporation during the most recent quarter end. The investment management firm now holds 7,400 shares of Monster Beverage Corporation which is valued at $1,192,732 , the company said in a statement filed on Aug 12, 2016 with the SEC.Monster Beverage Corporation makes up approximately 0.67% of Bayesian Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Janus Capital Management reduced its stake in MNST by selling 471,196 shares or 93.07% in the most recent quarter. The Hedge Fund company now holds 35,101 shares of MNST which is valued at $5,657,579.Texas Permanent School Fund reduced its stake in MNST by selling 6,106 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 45,675 shares of MNST which is valued at $7,361,897. Monster Beverage Corporation makes up approx 0.09% of Texas Permanent School Fund’s portfolio.Icon Advisers Incco reduced its stake in MNST by selling 2,400 shares or 54.55% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of MNST which is valued at $323,420. Monster Beverage Corporation makes up approx 0.02% of Icon Advisers Incco’s portfolio.Nippon Life Insurance Co reduced its stake in MNST by selling 271 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 7,910 shares of MNST which is valued at $1,247,961. Monster Beverage Corporation makes up approx 0.03% of Nippon Life Insurance Co’s portfolio.Boston Private Wealth reduced its stake in MNST by selling 2,396 shares or 23.89% in the most recent quarter. The Hedge Fund company now holds 7,635 shares of MNST which is valued at $1,204,574. Monster Beverage Corporation makes up approx 0.05% of Boston Private Wealth’s portfolio.

Monster Beverage Corporation closed down -1.1 points or -0.70% at $155.94 with 7,11,457 shares getting traded on Monday. Post opening the session at $156.53, the shares hit an intraday low of $155.18 and an intraday high of $157.06 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by RBC Capital Mkts on Aug 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 190 from a previous price target of $166 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 185 from a previous price target of $165 .Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016.

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