Monster Beverage Corporation (MNST) : Exxonmobil Investment Management Inc Tx reduced its stake in Monster Beverage Corporation by 5.3% during the most recent quarter end. The investment management company now holds a total of 34,510 shares of Monster Beverage Corporation which is valued at $5,032,938 after selling 1,931 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Monster Beverage Corporation makes up approximately 0.11% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in MNST during the most recent quarter. The investment firm sold 13,063 shares of MNST which is valued $1,905,108.Acropolis Investment Management reduced its stake in MNST by selling 90 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 4,053 shares of MNST which is valued at $588,658. Monster Beverage Corporation makes up approx 0.11% of Acropolis Investment Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in MNST in the latest quarter, The investment management firm added 67,605 additional shares and now holds a total of 87,635 shares of Monster Beverage Corporation which is valued at $12,728,107. Monster Beverage Corporation makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in MNST by selling 7,482 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 113,230 shares of MNST which is valued at $16,445,525. Monster Beverage Corporation makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank reduced its stake in MNST by selling 17 shares or 27.87% in the most recent quarter. The Hedge Fund company now holds 44 shares of MNST which is valued at $6,391.
Monster Beverage Corporation closed down -0.9 points or -0.61% at $145.84 with 6,46,529 shares getting traded on Friday. Post opening the session at $147.11, the shares hit an intraday low of $144.63 and an intraday high of $147.11 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. Monster Beverage Corporation was Initiated by Credit Suisse to “Outperform” on Sep 16, 2016. 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 .