Tudor Investment Corp ET AL boosted its position in Monster Beverage Corporation (NASDAQ:MNST) by 16.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,812 shares of the company’s stock after buying an additional 1,223 shares during the period. Tudor Investment Corp ET AL’s holdings in Monster Beverage Corporation were worth $407,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MNST. FMR LLC boosted its stake in Monster Beverage Corporation by 0.4% in the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock worth $2,069,342,000 after buying an additional 194,334 shares during the last quarter. Vanguard Group Inc. boosted its stake in Monster Beverage Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 27,660,996 shares of the company’s stock worth $1,277,108,000 after buying an additional 799,703 shares during the last quarter. BlackRock Inc. boosted its stake in Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock worth $995,459,000 after buying an additional 20,475,879 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in Monster Beverage Corporation by 0.8% in the first quarter. Loomis Sayles & Co. L P now owns 20,621,437 shares of the company’s stock worth $952,091,000 after buying an additional 169,196 shares during the last quarter. Finally, State Street Corp boosted its stake in Monster Beverage Corporation by 1.2% in the first quarter. State Street Corp now owns 16,907,767 shares of the company’s stock worth $780,633,000 after buying an additional 203,730 shares during the last quarter. Institutional investors own 65.91% of the company’s stock.
Monster Beverage Corporation (MNST) traded up 2.48% on Friday, reaching $53.82. 2,732,010 shares of the company’s stock traded hands. Monster Beverage Corporation has a 52 week low of $40.64 and a 52 week high of $54.24. The firm has a 50-day moving average price of $51.76 and a 200-day moving average price of $47.74. The stock has a market capitalization of $30.58 billion, a price-to-earnings ratio of 40.71 and a beta of 0.96.
Monster Beverage Corporation (NASDAQ:MNST) last issued its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share. On average, analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current year.
Several equities research analysts have recently issued reports on MNST shares. Goldman Sachs Group, Inc. (The) cut shares of Monster Beverage Corporation from a “conviction-buy” rating to a “buy” rating and set a $54.00 price objective on the stock. in a research report on Monday, April 17th. Jefferies Group LLC lifted their price objective on shares of Monster Beverage Corporation from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. BMO Capital Markets reiterated a “buy” rating on shares of Monster Beverage Corporation in a research report on Thursday, April 27th. Susquehanna Bancshares Inc set a $41.00 price target on shares of Monster Beverage Corporation and gave the stock a “hold” rating in a research report on Monday, May 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $58.00 price target on shares of Monster Beverage Corporation in a research report on Friday, May 5th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Monster Beverage Corporation presently has an average rating of “Buy” and an average target price of $56.28.
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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