Tobam buys $92,504,078 stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Tobam scooped up 56,506 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 10, 2016. The investment management firm now holds a total of 622,462 shares of Monster Beverage Corporation which is valued at $92,504,078.Monster Beverage Corporation makes up approximately 3.67% of Tobam’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors reduced its stake in MNST by selling 42,890 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 2,300,940 shares of MNST which is valued at $341,942,693. Monster Beverage Corporation makes up approx 0.08% of Blackrock Fund Advisors’s portfolio.Liberty Mutual Group Asset Management boosted its stake in MNST in the latest quarter, The investment management firm added 388 additional shares and now holds a total of 9,316 shares of Monster Beverage Corporation which is valued at $1,379,979. Monster Beverage Corporation makes up approx 0.06% of Liberty Mutual Group Asset Management’s portfolio.Neuberger Berman Group boosted its stake in MNST in the latest quarter, The investment management firm added 63,413 additional shares and now holds a total of 64,803 shares of Monster Beverage Corporation which is valued at $9,599,268. Monster Beverage Corporation makes up approx 0.01% of Neuberger Berman Group’s portfolio.Teachers Advisors Inc boosted its stake in MNST in the latest quarter, The investment management firm added 42,464 additional shares and now holds a total of 995,532 shares of Monster Beverage Corporation which is valued at $147,468,155. Monster Beverage Corporation makes up approx 0.27% of Teachers Advisors Inc’s portfolio. Lba Wealth Management sold out all of its stake in MNST during the most recent quarter. The investment firm sold 1,000 shares of MNST which is valued $148,130.

Monster Beverage Corporation opened for trading at $148.5 and hit $150.9897 on the upside on Monday, eventually ending the session at $150.72, with a gain of 1.42% or 2.11 points. The heightened volatility saw the trading volume jump to 8,50,319 shares. Company has a market cap of $30,603 M.

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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