Swiss National Bank lifted its holdings in Monster Beverage Corporation (NASDAQ:MNST) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,464,202 shares of the company’s stock after buying an additional 3,600 shares during the period. Swiss National Bank owned approximately 257,704.91% of Monster Beverage Corporation worth $80,897,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in MNST. Harbour Capital Advisors LLC boosted its stake in shares of Monster Beverage Corporation by 6,737.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 890,266 shares of the company’s stock worth $17,920,000 after buying an additional 877,246 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Monster Beverage Corporation by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 28,432,909 shares of the company’s stock worth $1,412,547,000 after buying an additional 771,913 shares during the last quarter. Nationwide Fund Advisors boosted its stake in shares of Monster Beverage Corporation by 186.2% in the 2nd quarter. Nationwide Fund Advisors now owns 1,175,384 shares of the company’s stock worth $58,393,000 after buying an additional 764,665 shares during the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Monster Beverage Corporation in the 2nd quarter worth approximately $35,322,000. Finally, American Century Companies Inc. boosted its stake in shares of Monster Beverage Corporation by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 4,968,946 shares of the company’s stock worth $246,857,000 after buying an additional 619,349 shares during the last quarter. Hedge funds and other institutional investors own 65.84% of the company’s stock.
In other news, Director Sydney Selati sold 10,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the director now directly owns 52,000 shares in the company, valued at $2,912,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.
A number of equities analysts have recently weighed in on MNST shares. Credit Suisse Group downgraded Monster Beverage Corporation to a “hold” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Monday, July 17th. Macquarie started coverage on Monster Beverage Corporation in a research note on Thursday, September 14th. They issued an “outperform” rating and a $65.00 price objective on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. Finally, Citigroup Inc. set a $60.00 price objective on Monster Beverage Corporation and gave the company a “buy” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Monster Beverage Corporation has an average rating of “Buy” and a consensus target price of $58.68.
Shares of Monster Beverage Corporation (MNST) opened at $61.16 on Friday. The firm has a market cap of $34,491.98, a PE ratio of 41.61, a PEG ratio of 2.18 and a beta of 0.91. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $61.33.
Monster Beverage Corporation (NASDAQ:MNST) last posted its earnings results on Wednesday, November 8th. The company reported $0.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $909.50 million during the quarter, compared to analyst estimates of $903.82 million. Monster Beverage Corporation had a net margin of 23.92% and a return on equity of 23.45%. Monster Beverage Corporation’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. analysts expect that Monster Beverage Corporation will post 1.48 EPS for the current fiscal year.
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Monster Beverage Corporation Profile
Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.
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