Dsm Capital Partners buys $292,905,483 stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Dsm Capital Partners scooped up 231,706 additional shares in Monster Beverage Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,817,257 shares of Monster Beverage Corporation which is valued at $292,905,483.Monster Beverage Corporation makes up approximately 4.68% of Dsm Capital Partners’s portfolio.

Other Hedge Funds, Including , Fiduciary Trust Co boosted its stake in MNST in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 1,892 shares of Monster Beverage Corporation which is valued at $304,953. Monster Beverage Corporation makes up approx 0.01% of Fiduciary Trust Co’s portfolio.Marshall Wace Llp reduced its stake in MNST by selling 13,890 shares or 37.9% in the most recent quarter. The Hedge Fund company now holds 22,762 shares of MNST which is valued at $3,668,779. Monster Beverage Corporation makes up approx 0.03% of Marshall Wace Llp’s portfolio.Keybank National Associationoh reduced its stake in MNST by selling 1,930 shares or 12.46% in the most recent quarter. The Hedge Fund company now holds 13,554 shares of MNST which is valued at $2,184,634. Monster Beverage Corporation makes up approx 0.01% of Keybank National Associationoh’s portfolio.Vanguard Group Inc reduced its stake in MNST by selling 122,533 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 8,998,652 shares of MNST which is valued at $1,450,402,729. Monster Beverage Corporation makes up approx 0.09% of Vanguard Group Inc’s portfolio. Lsv Asset Management added MNST to its portfolio by purchasing 1,375 company shares during the most recent quarter which is valued at $223,465.

Monster Beverage Corporation opened for trading at $154.33 and hit $155.18 on the upside on Thursday, eventually ending the session at $154.33, with a gain of 0.29% or 0.44 points. The heightened volatility saw the trading volume jump to 6,80,438 shares. Company has a market cap of $29,378 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. 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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