Castleark Management buys $44,820,129 stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Castleark Management scooped up 104,960 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 10, 2016. The investment management firm now holds a total of 278,075 shares of Monster Beverage Corporation which is valued at $44,820,129.Monster Beverage Corporation makes up approximately 1.36% of Castleark Management’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in MNST in the latest quarter, The investment management firm added 538 additional shares and now holds a total of 3,202 shares of Monster Beverage Corporation which is valued at $516,098. Monster Beverage Corporation makes up approx 0.05% of Reliance Trust Co Of Delaware’s portfolio.Advisors Asset Management reduced its stake in MNST by selling 215 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 3,470 shares of MNST which is valued at $561,134. Monster Beverage Corporation makes up approx 0.01% of Advisors Asset Management’s portfolio.Sheaff Brock Investment Advisors reduced its stake in MNST by selling 3,950 shares or 67.52% in the most recent quarter. The Hedge Fund company now holds 1,900 shares of MNST which is valued at $308,788. Monster Beverage Corporation makes up approx 0.04% of Sheaff Brock Investment Advisors’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in MNST by selling 2,600 shares or 92.86% in the most recent quarter. The Hedge Fund company now holds 200 shares of MNST which is valued at $31,502. Monster Beverage Corporation makes up approx 0.02% of Livingston Group Asset Management Co (operating As Southp…’s portfolio.New Century Investment Management Inc reduced its stake in MNST by selling 577 shares or 9.11% in the most recent quarter. The Hedge Fund company now holds 5,755 shares of MNST which is valued at $924,138. Monster Beverage Corporation makes up approx 0.47% of New Century Investment Management Inc’s portfolio.

Monster Beverage Corporation closed down -0.98 points or -0.61% at $159.45 with 7,55,389 shares getting traded on Friday. Post opening the session at $160.74, the shares hit an intraday low of $159.22 and an intraday high of $161.62 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 $0.99 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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