North Forty Management Exits Position in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : North Forty Management 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 Apr 26, 2016 with the SEC. The investment management company has sold out 552 shares of Monster Beverage Corporation which is valued at $79,609.

Monster Beverage Corporation opened for trading at $144.41 and hit $150.7 on the upside on Monday, eventually ending the session at $147.93, with a gain of 2.57% or 3.71 points. The heightened volatility saw the trading volume jump to 36,65,376 shares. Company has a market cap of $30,018 M.

Other Hedge Funds, Including , Horizon Kinetics reduced its stake in MNST by selling 197 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 3,787 shares of MNST which is valued at $485,986. Monster Beverage Corporation makes up approx 0.01% of Horizon Kinetics’s portfolio. Atalanta Sosnoff Capital added MNST to its portfolio by purchasing 67,200 company shares during the most recent quarter which is valued at $8,623,776. Monster Beverage Corporation makes up approx 0.27% of Atalanta Sosnoff Capital’s portfolio.

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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