Conning Inc. Sells 30 Shares of Monster Beverage Corporation (MNST)

Conning Inc. cut its position in Monster Beverage Corporation (NASDAQ:MNST) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,560 shares of the company’s stock after selling 30 shares during the period. Conning Inc.’s holdings in Monster Beverage Corporation were worth $525,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank boosted its position in shares of Monster Beverage Corporation by 42.2% in the second quarter. Huntington National Bank now owns 2,133 shares of the company’s stock worth $106,000 after buying an additional 633 shares during the last quarter. Coconut Grove Bank boosted its position in shares of Monster Beverage Corporation by 128.0% in the first quarter. Coconut Grove Bank now owns 2,565 shares of the company’s stock worth $118,000 after buying an additional 1,440 shares during the last quarter. Assetmark Inc. boosted its position in shares of Monster Beverage Corporation by 7.7% in the first quarter. Assetmark Inc. now owns 4,350 shares of the company’s stock worth $201,000 after buying an additional 311 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new position in shares of Monster Beverage Corporation during the second quarter worth about $202,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Monster Beverage Corporation by 59.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,612 shares of the company’s stock worth $213,000 after buying an additional 1,712 shares during the last quarter. 65.87% of the stock is owned by institutional investors and hedge funds.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 53.71 on Friday. The firm has a market capitalization of $30.52 billion, a PE ratio of 40.63 and a beta of 0.96. The stock has a 50 day moving average price of $52.16 and a 200 day moving average price of $48.13. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $161.62.

Monster Beverage Corporation (NASDAQ:MNST) last posted its quarterly earnings data 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. The company had revenue of $907.07 million during the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a net margin of 23.98% and a return on equity of 22.96%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 earnings per share. Equities research analysts anticipate that Monster Beverage Corporation will post $1.48 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Conning Inc. Sells 30 Shares of Monster Beverage Corporation (MNST)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/18/conning-inc-sells-30-shares-of-monster-beverage-corporation-mnst.html.

A number of research firms recently weighed in on MNST. Morgan Stanley reaffirmed an “overweight” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Monday, May 15th. Zacks Investment Research cut Monster Beverage Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $42.00 price target (down from $45.00) on shares of Monster Beverage Corporation in a report on Monday, August 7th. BMO Capital Markets reaffirmed a “buy” rating on shares of Monster Beverage Corporation in a report on Thursday, April 27th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $58.00 price target on shares of Monster Beverage Corporation in a report on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Monster Beverage Corporation currently has an average rating of “Buy” and a consensus target price of $56.28.

Monster Beverage Corporation Company Profile

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)

What are top analysts saying about Monster Beverage Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Monster Beverage Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit