Gilbert & Cook Inc. Acquires Shares of 5,758 Monster Beverage Corporation (MNST)

Gilbert & Cook Inc. bought a new stake in Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,758 shares of the company’s stock, valued at approximately $286,000.

Other large investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Monster Beverage Corporation by 0.4% in the first quarter. FMR LLC now owns 44,820,069 shares of the company’s stock valued at $2,069,342,000 after buying an additional 194,334 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Monster Beverage Corporation by 3.0% in the first quarter. Vanguard Group Inc. now owns 27,660,996 shares of the company’s stock valued at $1,277,108,000 after buying an additional 799,703 shares during the last quarter. BlackRock Inc. raised its stake in shares of Monster Beverage Corporation by 1,887.5% in the first quarter. BlackRock Inc. now owns 21,560,695 shares of the company’s stock valued at $995,459,000 after buying an additional 20,475,879 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of 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 valued at $952,091,000 after buying an additional 169,196 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Monster Beverage Corporation by 1.2% in the first quarter. State Street Corp now owns 16,907,767 shares of the company’s stock valued at $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) opened at 53.82 on Friday. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $161.74. The stock has a market capitalization of $30.58 billion, a price-to-earnings ratio of 40.71 and a beta of 0.96. The firm has a 50-day moving average of $51.84 and a 200-day moving average of $47.82.

Monster Beverage Corporation (NASDAQ:MNST) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share 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 during the quarter, compared to analyst estimates of $901.38 million. During the same quarter last year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

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Several equities research analysts have commented on MNST shares. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Credit Suisse Group set a $61.00 target price on shares of Monster Beverage Corporation and gave the stock an “outperform” rating in a research report on Wednesday. BidaskClub upgraded shares of Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. 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. Finally, UBS AG set a $59.00 price objective on shares of Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently 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.

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

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