First Trust Advisors LP raised its position in Monster Beverage Corporation (NASDAQ:MNST) by 90.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 273,593 shares of the company’s stock after purchasing an additional 129,780 shares during the quarter. First Trust Advisors LP’s holdings in Monster Beverage Corporation were worth $15,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Advisors LLC increased its position in shares of Monster Beverage Corporation by 1.1% in the third quarter. Boston Advisors LLC now owns 481,258 shares of the company’s stock valued at $26,590,000 after acquiring an additional 5,366 shares during the last quarter. BB&T Corp increased its position in shares of Monster Beverage Corporation by 6.8% in the third quarter. BB&T Corp now owns 142,750 shares of the company’s stock valued at $7,887,000 after acquiring an additional 9,043 shares during the last quarter. Strs Ohio increased its position in shares of Monster Beverage Corporation by 101.3% in the third quarter. Strs Ohio now owns 457,122 shares of the company’s stock valued at $25,255,000 after acquiring an additional 230,000 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Monster Beverage Corporation by 5.8% in the third quarter. APG Asset Management N.V. now owns 514,803 shares of the company’s stock valued at $28,443,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its position in shares of Monster Beverage Corporation by 31.1% in the third quarter. Douglas Lane & Associates LLC now owns 8,005 shares of the company’s stock valued at $442,000 after acquiring an additional 1,900 shares during the last quarter. 65.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on MNST shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 target price on shares of Monster Beverage Corporation in a research report on Thursday, November 2nd. Credit Suisse Group set a $61.00 target price on Monster Beverage Corporation and gave the company an “outperform” rating in a research report on Wednesday, August 9th. BidaskClub raised Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $57.00 target price on shares of Monster Beverage Corporation in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised Monster Beverage Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $57.06.

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Shares of Monster Beverage Corporation (MNST) opened at $57.52 on Tuesday. Monster Beverage Corporation has a 1-year low of $40.64 and a 1-year high of $58.54. The stock has a market capitalization of $32,766.31, a P/E ratio of 41.19, a PEG ratio of 2.06 and a beta of 0.91.

Monster Beverage Corporation (NASDAQ:MNST) last issued its quarterly earnings data 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). Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm had revenue of $907.07 million for the quarter, compared to the consensus estimate of $901.38 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue was up 9.6% on a year-over-year basis. equities analysts forecast that Monster Beverage Corporation will post 1.47 earnings per share for the current fiscal year.

In other news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $56.00, for a total transaction of $560,000.00. Following the completion of the sale, the director now owns 52,000 shares in the company, valued at $2,912,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 9.40% of the company’s stock.

Monster Beverage Corporation 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)

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