WINTON GROUP Ltd Has $9.01 Million Holdings in Monster Beverage Corporation (MNST)

WINTON GROUP Ltd raised its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 1,476.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,329 shares of the company’s stock after purchasing an additional 169,827 shares during the period. WINTON GROUP Ltd’s holdings in Monster Beverage Corporation were worth $9,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MNST. Huntington National Bank increased its stake in shares of Monster Beverage Corporation by 42.2% during the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock valued at $106,000 after purchasing an additional 633 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Monster Beverage Corporation by 11.0% during the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock valued at $116,000 after purchasing an additional 232 shares in the last quarter. Sun Life Financial INC increased its stake in shares of Monster Beverage Corporation by 29,250.0% during the second quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock valued at $146,000 after purchasing an additional 2,925 shares in the last quarter. Dynamic Advisors Solutions LLC bought a new position in shares of Monster Beverage Corporation during the second quarter valued at approximately $202,000. Finally, Covington Capital Management bought a new position in shares of Monster Beverage Corporation during the second quarter valued at approximately $206,000. 65.89% of the stock is owned by institutional investors and hedge funds.

In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.40% of the company’s stock.

MNST has been the subject of a number of analyst reports. Susquehanna Bancshares Inc set a $42.00 target price on shares of Monster Beverage Corporation and gave the company a “hold” rating in a research note on Monday, June 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a research note on Tuesday, June 20th. UBS AG set a $59.00 target price on shares of Monster Beverage Corporation and gave the company a “buy” rating in a research note on Wednesday, June 21st. Credit Suisse Group reaffirmed an “outperform” rating and set a $60.00 target price (up previously from $59.00) on shares of Monster Beverage Corporation in a research note on Thursday, June 22nd. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $58.00 target price on shares of Monster Beverage Corporation in a research note on Thursday, June 22nd. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $56.86.

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Shares of Monster Beverage Corporation (NASDAQ MNST) traded down 0.23% during midday trading on Friday, reaching $55.83. 970,756 shares of the company traded hands. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $57.25. The company has a market capitalization of $31.72 billion, a PE ratio of 42.23 and a beta of 1.02. The company has a 50 day moving average price of $55.78 and a 200 day moving average price of $51.27.

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The company had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. During the same quarter in the previous year, the company posted $0.99 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts expect that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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.

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

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