Monster Beverage Corporation (MNST) : Cim scooped up 137 additional shares in Monster Beverage Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 56,729 shares of Monster Beverage Corporation which is valued at $8,230,243.Monster Beverage Corporation makes up approximately 3.93% of Cim’s portfolio.
Other Hedge Funds, Including , National Pension Service boosted its stake in MNST in the latest quarter, The investment management firm added 8,473 additional shares and now holds a total of 103,372 shares of Monster Beverage Corporation which is valued at $14,997,210. Monster Beverage Corporation makes up approx 0.12% of National Pension Service’s portfolio.Raymond James Trust N.a. boosted its stake in MNST in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 5,147 shares of Monster Beverage Corporation which is valued at $752,594. Monster Beverage Corporation makes up approx 0.07% of Raymond James Trust N.a.’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 -0.62% at $145.08 with 13,02,358 shares getting traded on Friday. Post opening the session at $143.8, the shares hit an intraday low of $140.78 and an intraday high of $147.16 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 .