Guggenheim Capital Lowers stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Guggenheim Capital reduced its stake in Monster Beverage Corporation by 6.31% during the most recent quarter end. The investment management company now holds a total of 544,532 shares of Monster Beverage Corporation which is valued at $87,767,668 after selling 36,683 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Monster Beverage Corporation makes up approximately 0.27% of Guggenheim Capital’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department reduced its stake in MNST by selling 33,316 shares or 30.59% in the most recent quarter. The Hedge Fund company now holds 75,578 shares of MNST which is valued at $12,181,662. Monster Beverage Corporation makes up approx 0.06% of State Of Tennessee Treasury Department’s portfolio.Oppenheimerfunds boosted its stake in MNST in the latest quarter, The investment management firm added 12,144 additional shares and now holds a total of 152,018 shares of Monster Beverage Corporation which is valued at $24,502,261. Monster Beverage Corporation makes up approx 0.03% of Oppenheimerfunds’s portfolio. Hudock Capital Group sold out all of its stake in MNST during the most recent quarter. The investment firm sold 150 shares of MNST which is valued $23,666. Capital Fund Management S.a. sold out all of its stake in MNST during the most recent quarter. The investment firm sold 95,711 shares of MNST which is valued $15,075,440.

Monster Beverage Corporation opened for trading at $154.33 and hit $155.18 on the upside on Thursday, eventually ending the session at $154.33, with a gain of 0.29% or 0.44 points. The heightened volatility saw the trading volume jump to 6,80,438 shares. Company has a market cap of $29,378 M.

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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