Holland Capital Management Lowers stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Holland Capital Management reduced its stake in Monster Beverage Corporation by 12.05% during the most recent quarter end. The investment management company now holds a total of 401,097 shares of Monster Beverage Corporation which is valued at $64,648,814 after selling 54,950 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Monster Beverage Corporation makes up approximately 2.39% of Holland Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in MNST by selling 27,692 shares or 27.3% in the most recent quarter. The Hedge Fund company now holds 73,751 shares of MNST which is valued at $11,887,186. Monster Beverage Corporation makes up approx 0.01% of Blackrock Advisors’s portfolio.New Jersey Better Educational Savings Trust reduced its stake in MNST by selling 2,600 shares or 43.33% in the most recent quarter. The Hedge Fund company now holds 3,400 shares of MNST which is valued at $536,418. Monster Beverage Corporation makes up approx 0.34% of New Jersey Better Educational Savings Trust’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in MNST by selling 77,716 shares or 93.88% in the most recent quarter. The Hedge Fund company now holds 5,070 shares of MNST which is valued at $798,576. Monster Beverage Corporation makes up approx 0.02% of Candriam Luxembourg S.c.a.’s portfolio.Ibm Retirement Fund reduced its stake in MNST by selling 3 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 19,444 shares of MNST which is valued at $3,122,318. Monster Beverage Corporation makes up approx 0.11% of Ibm Retirement Fund’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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