Monster Beverage Corporation (MNST) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in shares of Monster Beverage Corporation (NASDAQ:MNST) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 647,838 shares of the company’s stock after selling 1,431 shares during the period. Stephens Investment Management Group LLC owned approximately 0.11% of Monster Beverage Corporation worth $35,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MNST. Huntington National Bank boosted its position in shares of Monster Beverage Corporation by 42.2% in the 2nd quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of Monster Beverage Corporation by 11.0% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after buying an additional 232 shares in the last quarter. Liberty Capital Management Inc. boosted its position in shares of Monster Beverage Corporation by 2,028.0% in the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after buying an additional 2,028 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Monster Beverage Corporation by 29,250.0% in the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after buying an additional 2,925 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Monster Beverage Corporation by 397.6% in the 3rd quarter. Bessemer Group Inc. now owns 2,682 shares of the company’s stock worth $148,000 after buying an additional 2,143 shares in the last quarter. Institutional investors own 64.89% of the company’s stock.

Monster Beverage Corporation (NASDAQ MNST) traded down $1.01 during midday trading on Tuesday, hitting $61.16. 2,451,100 shares of the stock were exchanged, compared to its average volume of 2,223,591. Monster Beverage Corporation has a one year low of $41.02 and a one year high of $62.80. The firm has a market cap of $35,060.00, a P/E ratio of 42.29, a P/E/G ratio of 2.22 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 EPS for the quarter, meeting the Zacks’ 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 during the quarter, compared to the consensus estimate of $903.82 million. During the same quarter in the prior year, the company posted $0.34 EPS. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. equities analysts expect that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

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MNST has been the topic of several recent research reports. BMO Capital Markets reiterated a “buy” rating and issued a $58.00 price objective on shares of Monster Beverage Corporation in a research report on Thursday, November 2nd. Credit Suisse Group set a $61.00 price objective on shares of Monster Beverage Corporation and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $64.00 price objective on shares of Monster Beverage Corporation in a research report on Thursday, November 9th. Finally, Susquehanna Bancshares Inc lowered shares of Monster Beverage Corporation from a “neutral” rating to a “negative” rating and set a $51.00 price objective on the stock. in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.74.

In other news, Director Sydney Selati sold 10,000 shares of the company’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 completion of the transaction, the director now owns 52,000 shares of the company’s stock, valued at approximately $2,912,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.40% of the company’s stock.

Monster Beverage Corporation Profile

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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