Caxton Associates Lp buys $221,300,140 stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Caxton Associates Lp scooped up 382,000 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 1,373,000 shares of Monster Beverage Corporation which is valued at $221,300,140.Monster Beverage Corporation makes up approximately 9.13% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Bayesian Capital Management Lp added MNST to its portfolio by purchasing 7,400 company shares during the most recent quarter which is valued at $1,192,732. Monster Beverage Corporation makes up approx 0.67% of Bayesian Capital Management Lp’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in MNST in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 11,272 shares of Monster Beverage Corporation which is valued at $1,816,821. Monster Beverage Corporation makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.First Mercantile Trust Co reduced its stake in MNST by selling 588 shares or 46.82% in the most recent quarter. The Hedge Fund company now holds 668 shares of MNST which is valued at $107,668. Monster Beverage Corporation makes up approx 0.01% of First Mercantile Trust Co’s portfolio.Saturna Capital Corp reduced its stake in MNST by selling 1,000 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 10,200 shares of MNST which is valued at $1,649,442. Monster Beverage Corporation makes up approx 0.05% of Saturna Capital Corp’s portfolio.Ngam Advisors boosted its stake in MNST in the latest quarter, The investment management firm added 23,958 additional shares and now holds a total of 349,378 shares of Monster Beverage Corporation which is valued at $55,121,367. Monster Beverage Corporation makes up approx 0.74% of Ngam Advisors’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.

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