Monster Beverage Corporation (MNST) Position Lifted by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. boosted its holdings in shares of Monster Beverage Corporation (NASDAQ:MNST) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,006 shares of the company’s stock after buying an additional 2,110 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Monster Beverage Corporation were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MNST. Oregon Public Employees Retirement Fund increased its position in Monster Beverage Corporation by 9.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 102,647 shares of the company’s stock valued at $5,100,000 after buying an additional 9,000 shares in the last quarter. LS Investment Advisors LLC grew its stake in Monster Beverage Corporation by 3.6% during the 2nd quarter. LS Investment Advisors LLC now owns 11,602 shares of the company’s stock valued at $576,000 after purchasing an additional 400 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Monster Beverage Corporation by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 25,000 shares of the company’s stock valued at $1,242,000 after purchasing an additional 300 shares during the last quarter. Aperio Group LLC grew its stake in Monster Beverage Corporation by 14.3% during the 2nd quarter. Aperio Group LLC now owns 123,813 shares of the company’s stock valued at $6,151,000 after purchasing an additional 15,491 shares during the last quarter. Finally, First Quadrant L P CA grew its stake in Monster Beverage Corporation by 9.1% during the 2nd quarter. First Quadrant L P CA now owns 6,547 shares of the company’s stock valued at $325,000 after purchasing an additional 547 shares during the last quarter. 65.82% of the stock is currently owned by institutional investors.

Monster Beverage Corporation (NASDAQ:MNST) opened at $62.17 on Friday. The stock has a market capitalization of $35,061.58, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91. Monster Beverage Corporation has a 1 year low of $41.02 and a 1 year high of $62.80.

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

Several analysts have weighed in on MNST shares. Susquehanna Bancshares Inc reiterated a “hold” rating and set a $42.00 price target (down previously from $45.00) on shares of Monster Beverage Corporation in a research note on Monday, August 7th. Jefferies Group LLC boosted their price target on Monster Beverage Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Credit Suisse Group set a $61.00 price target on Monster Beverage Corporation and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $57.00 price target on shares of Monster Beverage Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Monster Beverage Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $58.68.

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In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was 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 $2,912,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.40% of the company’s stock.

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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