Monster Beverage Corporation (MNST) : Voya Investment Management reduced its stake in Monster Beverage Corporation by 10.76% during the most recent quarter end. The investment management company now holds a total of 1,670,434 shares of Monster Beverage Corporation which is valued at $269,240,552 after selling 201,308 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 0.63% of Voya Investment Management’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in MNST during the most recent quarter. The investment firm sold 149,550 shares of MNST which is valued $24,104,469.Ontario Teachers Pension Plan Board reduced its stake in MNST by selling 37,893 shares or 80.36% in the most recent quarter. The Hedge Fund company now holds 9,263 shares of MNST which is valued at $1,493,010. Monster Beverage Corporation makes up approx 0.02% of Ontario Teachers Pension Plan Board’s portfolio. Van Eck Associates Corp sold out all of its stake in MNST during the most recent quarter. The investment firm sold 901 shares of MNST which is valued $145,223.Wright Investors Service Inc reduced its stake in MNST by selling 1,500 shares or 46.95% in the most recent quarter. The Hedge Fund company now holds 1,695 shares of MNST which is valued at $267,420. Monster Beverage Corporation makes up approx 0.11% of Wright Investors Service Inc’s portfolio.Ibm Retirement Fund reduced its stake in MNST by selling 3 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 19,444 shares of MNST which is valued at $3,122,318. Monster Beverage Corporation makes up approx 0.11% of Ibm Retirement Fund’s portfolio.
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.