Monster Beverage Corporation (MNST) Position Reduced by TCW Group Inc.

TCW Group Inc. decreased its position in Monster Beverage Corporation (NASDAQ:MNST) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,032,383 shares of the company’s stock after selling 64,114 shares during the period. TCW Group Inc. owned about 0.36% of Monster Beverage Corporation worth $112,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MNST. OppenheimerFunds Inc. boosted its stake in Monster Beverage Corporation by 10.9% in the 1st quarter. OppenheimerFunds Inc. now owns 8,291 shares of the company’s stock worth $383,000 after purchasing an additional 812 shares during the period. Dimensional Fund Advisors LP boosted its stake in Monster Beverage Corporation by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 955,106 shares of the company’s stock worth $44,097,000 after purchasing an additional 14,692 shares during the period. Tudor Investment Corp ET AL boosted its stake in Monster Beverage Corporation by 16.1% in the 1st quarter. Tudor Investment Corp ET AL now owns 8,812 shares of the company’s stock worth $407,000 after purchasing an additional 1,223 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Monster Beverage Corporation by 9.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,647 shares of the company’s stock worth $5,100,000 after purchasing an additional 9,000 shares during the period. Finally, Cape Cod Five Cents Savings Bank boosted its stake in Monster Beverage Corporation by 35.4% in the 2nd quarter. Cape Cod Five Cents Savings Bank now owns 29,502 shares of the company’s stock worth $1,466,000 after purchasing an additional 7,708 shares during the period. 65.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Monster Beverage Corporation (NASDAQ:MNST) traded up $1.04 on Tuesday, reaching $62.20. 2,927,200 shares of the company traded hands, compared to its average volume of 2,213,518. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $62.42. The company has a market cap of $34,492.00, a P/E ratio of 41.60, a PEG ratio of 2.18 and a beta of 0.91.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Monster Beverage Corporation had a net margin of 23.92% and a return on equity of 23.45%. The company had revenue of $909.50 million for the quarter, compared to the consensus estimate of $903.82 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. research analysts forecast that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

A number of equities analysts recently commented on MNST shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Monster Beverage Corporation in a research note on Friday, September 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, September 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. BidaskClub raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Monday, July 17th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.68.

In other news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the director now owns 52,000 shares in the company, valued at approximately $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 9.40% of the company’s stock.

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About Monster Beverage Corporation

Monster Beverage Corporation is a holding company. The Company develop, market, sell and distribute alternative beverage category beverages under the brand names of Monster Energy, Monster Rehab, Monster Energy Extra Strength Nitrous Technology, Java Monster, X-Presso Monster, Muscle Monster, Punch Monster, Hansen’s, Hansen’s Natural Cane Soda, Junior Juice, Blue Sky, Hubert’s, Worx Energy and Peace Tea.

Institutional Ownership by Quarter for Monster Beverage Corporation (NASDAQ:MNST)

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