Bright Rock Capital Management LLC held its position in shares of Monster Beverage Corporation (NASDAQ:MNST) during the second quarter, Holdings Channel reports. The firm owned 31,500 shares of the company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Monster Beverage Corporation were worth $1,565,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MNST. United Capital Financial Advisers LLC boosted its position in shares of Monster Beverage Corporation by 0.4% in the first quarter. United Capital Financial Advisers LLC now owns 9,878 shares of the company’s stock valued at $456,000 after buying an additional 38 shares in the last quarter. Accuvest Global Advisors boosted its position in shares of Monster Beverage Corporation by 0.4% in the second quarter. Accuvest Global Advisors now owns 10,256 shares of the company’s stock valued at $510,000 after buying an additional 38 shares in the last quarter. Wendell David Associates Inc. boosted its position in shares of Monster Beverage Corporation by 0.9% in the second quarter. Wendell David Associates Inc. now owns 7,264 shares of the company’s stock valued at $361,000 after buying an additional 64 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Monster Beverage Corporation by 0.5% in the second quarter. IFP Advisors Inc now owns 12,691 shares of the company’s stock valued at $630,000 after buying an additional 66 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in shares of Monster Beverage Corporation by 1.1% in the second quarter. Advisor Partners LLC now owns 7,898 shares of the company’s stock valued at $392,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 65.91% of the company’s stock.

Monster Beverage Corporation (NASDAQ:MNST) opened at 52.03 on Thursday. The company has a 50-day moving average price of $51.72 and a 200-day moving average price of $47.71. The firm has a market capitalization of $29.54 billion, a PE ratio of 41.89 and a beta of 0.96. Monster Beverage Corporation has a 12-month low of $40.64 and a 12-month high of $54.24.

Monster Beverage Corporation (NASDAQ:MNST) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $907.07 million for the quarter, compared to analyst estimates of $901.38 million. Monster Beverage Corporation had a return on equity of 23.56% 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 quarter last year, the business posted $0.99 EPS. On average, analysts predict that Monster Beverage Corporation will post $1.48 earnings per share for the current year.

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Several research analysts have recently weighed in on the company. Credit Suisse Group set a $59.00 target price on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Saturday, May 6th. UBS AG set a $59.00 target price on Monster Beverage Corporation and gave the stock a “buy” rating in a report on Wednesday, June 21st. Stifel Nicolaus restated a “buy” rating and set a $57.00 target price on shares of Monster Beverage Corporation in a report on Wednesday. Jefferies Group LLC boosted their target price on Monster Beverage Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on Monster Beverage Corporation from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Monster Beverage Corporation currently has an average rating of “Buy” and an average 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.

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

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