Victory Capital Management Inc Lowers stake in Monster Beverage Corporation (MNST)

Monster Beverage Corporation (MNST) : Victory Capital Management Inc reduced its stake in Monster Beverage Corporation by 10.27% during the most recent quarter end. The investment management company now holds a total of 914,923 shares of Monster Beverage Corporation which is valued at $147,952,198 after selling 104,758 shares in Monster Beverage Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Monster Beverage Corporation makes up approximately 0.58% of Victory Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in MNST in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 2,200 shares of Monster Beverage Corporation which is valued at $349,712. Monster Beverage Corporation makes up approx 0.01% of Private Advisor Group’s portfolio.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.Bbva Compass Bancshares Inc boosted its stake in MNST in the latest quarter, The investment management firm added 1,615 additional shares and now holds a total of 73,730 shares of Monster Beverage Corporation which is valued at $11,843,250. Monster Beverage Corporation makes up approx 0.86% of Bbva Compass Bancshares Inc’s portfolio.Carroll Financial Associates reduced its stake in MNST by selling 36 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 60 shares of MNST which is valued at $9,487. 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.

Monster Beverage Corporation opened for trading at $159.37 and hit $160.8199 on the upside on Wednesday, eventually ending the session at $159.71, with a gain of 0.06% or 0.09 points. The heightened volatility saw the trading volume jump to 4,88,328 shares. Company has a market cap of $30,402 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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