Monster Beverage Corporation (MNST) Position Boosted by Bessemer Group Inc.

Bessemer Group Inc. grew its position in Monster Beverage Corporation (NASDAQ:MNST) by 397.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,682 shares of the company’s stock after buying an additional 2,143 shares during the quarter. Bessemer Group Inc.’s holdings in Monster Beverage Corporation were worth $148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MNST. Huntington National Bank lifted its stake in shares of Monster Beverage Corporation by 42.2% during the 2nd quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after purchasing an additional 633 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Monster Beverage Corporation by 11.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after purchasing an additional 232 shares during the last quarter. Liberty Capital Management Inc. lifted its stake in shares of Monster Beverage Corporation by 2,028.0% during the 3rd quarter. Liberty Capital Management Inc. now owns 2,128 shares of the company’s stock worth $120,000 after purchasing an additional 2,028 shares during the last quarter. Sun Life Financial INC lifted its stake in shares of Monster Beverage Corporation by 29,250.0% during the 2nd quarter. Sun Life Financial INC now owns 2,935 shares of the company’s stock worth $146,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Monster Beverage Corporation during the 3rd quarter worth $182,000. Institutional investors and hedge funds own 64.89% of the company’s stock.

Monster Beverage Corporation (NASDAQ MNST) opened at $61.16 on Tuesday. The firm has a market capitalization of $35,060.00, a P/E ratio of 42.29, a PEG 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 posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Monster Beverage Corporation had a return on equity of 23.45% and a net margin of 23.92%. The firm had revenue of $909.50 million during the quarter, compared to analysts’ expectations of $903.82 million. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. analysts forecast that Monster Beverage Corporation will post 1.48 earnings per share for the current fiscal year.

In related 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 value of $560,000.00. Following the completion of the sale, the director now owns 52,000 shares of the company’s stock, valued at $2,912,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.40% of the stock is currently owned by company insiders.

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

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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