HighTower Advisors LLC lifted its stake in Monster Beverage Corporation (NASDAQ:MNST) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,702 shares of the company’s stock after acquiring an additional 8,535 shares during the period. HighTower Advisors LLC’s holdings in Monster Beverage Corporation were worth $3,897,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its holdings 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 acquiring an additional 633 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Monster Beverage Corporation by 11.0% in the second quarter. Commonwealth Bank of Australia now owns 2,346 shares of the company’s stock worth $116,000 after acquiring an additional 232 shares during the period. Dynamic Advisors Solutions LLC bought a new position in shares of Monster Beverage Corporation in the second quarter worth $202,000. Fiduciary Trust Co. bought a new position in shares of Monster Beverage Corporation in the second quarter worth $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings 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 acquiring an additional 1,712 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.

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MNST has been the topic of a number of recent analyst reports. Credit Suisse Group set a $61.00 price objective on Monster Beverage Corporation and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. BidaskClub upgraded Monster Beverage Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $57.00 price objective on shares of Monster Beverage Corporation in a research report on Friday, June 16th. 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, August 9th. Finally, UBS AG set a $59.00 price objective on Monster Beverage Corporation and gave the stock a “buy” rating in a research report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.86.

In other Monster Beverage Corporation news, Director Sydney Selati sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $56.00, for a total value of $560,000.00. Following the sale, the director now owns 52,000 shares in the company, valued at approximately $2,912,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.40% of the stock is owned by insiders.

Shares of Monster Beverage Corporation (NASDAQ MNST) opened at 55.22 on Thursday. Monster Beverage Corporation has a 52-week low of $40.64 and a 52-week high of $57.25. The stock has a market cap of $31.37 billion, a P/E ratio of 41.77 and a beta of 1.02. The firm’s 50-day moving average price is $55.56 and its 200-day moving average price is $50.83.

Monster Beverage Corporation (NASDAQ:MNST) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $907.07 million during the quarter, compared to analysts’ expectations of $901.38 million. Monster Beverage Corporation had a return on equity of 22.96% and a net margin of 23.98%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Equities analysts predict that Monster Beverage Corporation will post $1.48 EPS for the current year.

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.

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

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