Cim buys $8,802,320 stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Cim scooped up 147 additional shares in Monster Beverage Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 56,592 shares of Monster Beverage Corporation which is valued at $8,802,320.Monster Beverage Corporation makes up approximately 4.27% of Cim’s portfolio.

Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt boosted its stake in MNST in the latest quarter, The investment management firm added 3,800 additional shares and now holds a total of 14,564 shares of Monster Beverage Corporation which is valued at $2,265,285. Monster Beverage Corporation makes up approx 0.10% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio. Id Management As sold out all of its stake in MNST during the most recent quarter. The investment firm sold 2,000 shares of MNST which is valued $311,080. Central Bank Trust Co added MNST to its portfolio by purchasing 599 company shares during the most recent quarter which is valued at $96,906. Monster Beverage Corporation makes up approx 0.03% of Central Bank Trust Co’s portfolio.British Columbia Investment Management Corp boosted its stake in MNST in the latest quarter, The investment management firm added 7,969 additional shares and now holds a total of 74,740 shares of Monster Beverage Corporation which is valued at $12,070,510. Monster Beverage Corporation makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio. Washington Trust Bank added MNST to its portfolio by purchasing 61 company shares during the most recent quarter which is valued at $9,852.

Monster Beverage Corporation closed down -6.06 points or -3.75% at $155.54 with 20,22,652 shares getting traded on Monday. Post opening the session at $158.9, the shares hit an intraday low of $152.751 and an intraday high of $159.47 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 $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.74. The company had revenue of $680.20 million for the quarter, compared to analysts expectations of $656.78 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Monster Beverage Corporation. Monster Beverage Corporation was Downgraded by Wells Fargo to ” Market Perform” on Jul 18, 2016. Company shares were Reiterated by UBS on May 2, 2016 to “Buy”, Firm has raised the Price Target to $ 170 from a previous price target of $168 .

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