Monster Beverage Corporation (MNST) : Loomis Sayles Co L P scooped up 368,831 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 12, 2016. The investment management firm now holds a total of 6,270,270 shares of Monster Beverage Corporation which is valued at $1,010,642,119.Monster Beverage Corporation makes up approximately 2.61% of Loomis Sayles Co L P’s portfolio.
Other Hedge Funds, Including , Van Eck Associates Corp sold out all of its stake in MNST during the most recent quarter. The investment firm sold 901 shares of MNST which is valued $145,223.United Services Automobile Association reduced its stake in MNST by selling 16,392 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 467,317 shares of MNST which is valued at $75,322,154. Monster Beverage Corporation makes up approx 0.26% of United Services Automobile Association’s portfolio.Public Sector Pension Investment Board boosted its stake in MNST in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 26,690 shares of Monster Beverage Corporation which is valued at $4,301,894. Monster Beverage Corporation makes up approx 0.05% of Public Sector Pension Investment Board’s portfolio.Assetmark Inc reduced its stake in MNST by selling 45 shares or 3.33% in the most recent quarter. The Hedge Fund company now holds 1,305 shares of MNST which is valued at $211,032.State Treasurer State Of Michigan reduced its stake in MNST by selling 2,802 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 48,936 shares of MNST which is valued at $7,720,633. Monster Beverage Corporation makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio.
Monster Beverage Corporation closed down -1.1 points or -0.70% at $155.94 with 7,11,457 shares getting traded on Monday. Post opening the session at $156.53, the shares hit an intraday low of $155.18 and an intraday high of $157.06 and the price fluctuated in this range throughout the day.Shares ended Monday 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.