Rail-splitter Capital Management adds Monster Beverage Corporation (MNST) to its portfolio

Monster Beverage Corporation (MNST) : Rail-splitter Capital Management added new position in Monster Beverage Corporation during the most recent quarter end. The investment management firm now holds 69,330 shares of Monster Beverage Corporation which is valued at $10,938,194 , the company said in a statement filed on Aug 2, 2016 with the SEC.Monster Beverage Corporation makes up approximately 2.54% of Rail-splitter Capital Management’s portfolio.

Other Hedge Funds, Including , Columbus Circle Investors reduced its stake in MNST by selling 3,671 shares or 4.13% in the most recent quarter. The Hedge Fund company now holds 85,305 shares of MNST which is valued at $13,458,570. Monster Beverage Corporation makes up approx 0.13% of Columbus Circle Investors’s portfolio. Aviance Capital Management sold out all of its stake in MNST during the most recent quarter. The investment firm sold 2,891 shares of MNST which is valued $455,361.Pitcairn Co boosted its stake in MNST in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,443 shares of Monster Beverage Corporation which is valued at $384,797. Monster Beverage Corporation makes up approx 0.05% of Pitcairn Co’s portfolio.Tt International boosted its stake in MNST in the latest quarter, The investment management firm added 523 additional shares and now holds a total of 17,448 shares of Monster Beverage Corporation which is valued at $2,822,737. Monster Beverage Corporation makes up approx 0.92% of Tt International’s portfolio.

Monster Beverage Corporation closed down -3.56 points or -2.19% at $158.96 with 9,02,436 shares getting traded on Monday. Post opening the session at $162.09, the shares hit an intraday low of $158.29 and an intraday high of $162.43 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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