Loomis Sayles Co L P buys $877 Million stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Loomis Sayles Co L P scooped up 476,669 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 5,901,439 shares of Monster Beverage Corporation which is valued at $877 Million.Monster Beverage Corporation makes up approximately 2.50% of Loomis Sayles Co L P’s portfolio.

Other Hedge Funds, Including , 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.Fdo Partners boosted its stake in MNST in the latest quarter, The investment management firm added 1,069 additional shares and now holds a total of 2,742 shares of Monster Beverage Corporation which is valued at $407,489. Monster Beverage Corporation makes up approx 0.26% of Fdo Partners’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 .

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