Edmond De Rothschild (italia) Sgr Spa Lowers stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Edmond De Rothschild (italia) Sgr Spa reduced its stake in Monster Beverage Corporation by 5.8% during the most recent quarter end. The investment management company now holds a total of 54,142 shares of Monster Beverage Corporation which is valued at $8 Million after selling 3,335 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Monster Beverage Corporation makes up approximately 11.77% of Edmond De Rothschild (italia) Sgr Spa’s portfolio.

Other Hedge Funds, Including , Guardian Life Insurance Co Of America reduced its stake in MNST by selling 158 shares or 22.16% in the most recent quarter. The Hedge Fund company now holds 555 shares of MNST which is valued at $82,479. Monster Beverage Corporation makes up approx 0.02% of Guardian Life Insurance Co Of America’s portfolio.Tiaa Cref Investment Management reduced its stake in MNST by selling 80,008 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 2,997,921 shares of MNST which is valued at $444.1 Million. Monster Beverage Corporation makes up approx 0.33% of Tiaa Cref Investment Management’s portfolio.Rhumbline Advisers reduced its stake in MNST by selling 1,348 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 230,460 shares of MNST which is valued at $34.1 Million. Monster Beverage Corporation makes up approx 0.11% of Rhumbline Advisers’s portfolio.Capital Fund Management S.a. boosted its stake in MNST in the latest quarter, The investment management firm added 8,011 additional shares and now holds a total of 95,711 shares of Monster Beverage Corporation which is valued at $14.2 Million. Monster Beverage Corporation makes up approx 0.25% of Capital Fund Management S.a.’s portfolio.Tarbox Group reduced its stake in MNST by selling 13 shares or 76.47% in the most recent quarter. The Hedge Fund company now holds 4 shares of MNST which is valued at $577.

Monster Beverage Corporation closed down -0.56 points or -0.38% at $147.9 with 9,34,397 shares getting traded on Friday. Post opening the session at $148.54, the shares hit an intraday low of $147.57 and an intraday high of $149.37 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .

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