Schwab Charles Investment Management Inc. Grows Position in Monster Beverage Corporation (MNST)

Schwab Charles Investment Management Inc. increased its position in shares of Monster Beverage Corporation (NASDAQ:MNST) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,342,250 shares of the company’s stock after purchasing an additional 69,009 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.24% of Monster Beverage worth $74,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Monster Beverage by 3.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 822,047 shares of the company’s stock worth $45,418,000 after purchasing an additional 28,247 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Monster Beverage by 239.0% during the third quarter. WINTON GROUP Ltd now owns 614,794 shares of the company’s stock worth $33,967,000 after purchasing an additional 433,465 shares during the period. Zeke Capital Advisors LLC lifted its holdings in shares of Monster Beverage by 46.3% during the third quarter. Zeke Capital Advisors LLC now owns 7,045 shares of the company’s stock worth $389,000 after purchasing an additional 2,231 shares during the period. Amalgamated Bank lifted its holdings in shares of Monster Beverage by 2.6% during the third quarter. Amalgamated Bank now owns 49,828 shares of the company’s stock worth $2,753,000 after purchasing an additional 1,248 shares during the period. Finally, Iberiabank Corp lifted its holdings in shares of Monster Beverage by 58.3% during the third quarter. Iberiabank Corp now owns 18,385 shares of the company’s stock worth $1,016,000 after purchasing an additional 6,774 shares during the period. 65.84% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on MNST. Jefferies Group lifted their target price on Monster Beverage from $64.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. Credit Suisse Group reissued an “outperform” rating and issued a $69.00 price target (up from $62.00) on shares of Monster Beverage in a report on Monday, November 20th. Susquehanna Bancshares downgraded Monster Beverage from a “neutral” rating to a “negative” rating and set a $51.00 price target for the company. in a report on Monday, November 20th. Citigroup downgraded Monster Beverage to a “neutral” rating and decreased their price target for the company from $56.00 to $51.00 in a report on Monday, November 20th. They noted that the move was a valuation call. Finally, UBS downgraded Monster Beverage to a “neutral” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.24.

Monster Beverage Corporation (NASDAQ:MNST) opened at $62.92 on Friday. Monster Beverage Corporation has a twelve month low of $41.02 and a twelve month high of $62.94. The stock has a market capitalization of $35,484.55, a P/E ratio of 42.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.94.

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

ILLEGAL ACTIVITY WARNING: “Schwab Charles Investment Management Inc. Grows Position in Monster Beverage Corporation (MNST)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/12/03/schwab-charles-investment-management-inc-grows-position-in-monster-beverage-corporation-mnst.html.

About Monster Beverage

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.

Want to see what other hedge funds are holding MNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monster Beverage Corporation (NASDAQ:MNST).

Institutional Ownership by Quarter for Monster Beverage (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